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File:TCJA Tax rate changes by year.png

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Understanding the chart

The chart shows the change in average rate versus current law due to the Senate version of the Tax Cuts and Jobs Act of 2017. The data is from the Joint Committee on Taxation.[1] I compared the present law average tax rate to the proposal tax rate, identifying a difference for each income level. I repeated this for the years indicated. So each point is the tax change for the indicated income level. Each line is the year indicated.

The New York Times compared average tax rates under the TCJA vs. current law for each income group over time.[2]

Summary

Description
English: Average tax rate changes for various income groups, by year, under the Tax Cuts and Jobs Act of 2017.
Date
Source Own work
Author Farcaster

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17 November 2017

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Date/TimeThumbnailDimensionsUserComment
current01:00, 19 December 2017Thumbnail for version as of 01:00, 19 December 20171,280 × 720 (34 KB)FarcasterUpdate for conference agreement
20:07, 20 November 2017Thumbnail for version as of 20:07, 20 November 20171,280 × 720 (52 KB)FarcasterCosmetic changes
16:30, 20 November 2017Thumbnail for version as of 16:30, 20 November 20171,280 × 720 (52 KB)FarcasterUpdated to flip axis from reduction (positive is a tax decrease) to change (positive is a tax increase)
01:35, 18 November 2017Thumbnail for version as of 01:35, 18 November 20171,280 × 720 (86 KB)FarcasterUser created page with UploadWizard

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