ITEP Analyses Tax Changes in Build Back Better Act

ITEP Analyses Tax Changes in Build Back Better Act

Institute on Taxation and Economic Policy

Taxes in 2022 would decrease by nearly 40 percent for taxpayers in the lowest 20 percent income group, decrease by 22 percent for the middle 20 percent income group, and increase for the richest 1 percent by roughly 29 percent as a result of the Build Back Better Act, the Institute on Taxation and Economic Policy said.

Taxes in 2022 would decrease by nearly 40 percent for taxpayers in the lowest 20 percent income group, decrease by 22 percent for the middle 20 percent income group, and increase for the richest 1 percent by roughly 29 percent as a result of the Build Back Better Act, the Institute on Taxation and Economic Policy said.

Taxes in 2022 would decrease by nearly 40 percent for taxpayers in the lowest 20 percent income group, decrease by 22 percent for the middle 20 percent income group, and increase for the richest 1 percent by roughly 29 percent as a result of the Build Back Better Act (<a href="/lr/resolve//7ckrc">H.R. 5376</a>), the Institute on Taxation and Economic Policy said in a November 18 analysis.

Taxes in 2022 would decrease by nearly 40 percent for taxpayers in the lowest 20 percent income group, decrease by 22 percent for the middle 20 percent income group, and increase for the richest 1 percent by roughly 29 percent as a result of the Build Back Better Act (H.R. 5376), the Institute on Taxation and Economic Policy said in a November 18 analysis.