Tax Foundation Finds Post-TCJA Tax Code Still Progressive

Tax Foundation

Data on the first year following enactment of the Tax Cuts and Jobs Act indicate the individual income tax was still progressive, with the top 1 percent of taxpayers paying 40.1 percent of income taxes at an average rate of 25.4 percent, the Tax Foundation said in a February report.

<p>Data on the first year following enactment of the Tax Cuts and Jobs Act indicate the individual income tax was still progressive, with the top 1 percent of taxpayers paying 40.1 percent of income taxes at an average rate of 25.4 percent, the Tax Foundation said in a February report.</p>