Even the individual income tax cuts disproportionately benefit the rich: Shares of pre-tax income compared to shares of total individual income tax change from the Tax Cuts and Jobs Act (TCJA)
| Share of Pre-tax Income | Share of Total Individual Income Tax Change | |
|---|---|---|
| Bottom 40 percent | 13.10% | 6.50% |
| Next 40 percent | 34.90% | 31.60% |
| 80-95 | 23.80% | 23.20% |
| Top 5 percent | 28.60% | 40.30% |
Source: Frank Sammartino, Philip Stallworth, and David Weiner, The Effect of the TCJA Individual Income Tax Provisions Across Income Groups and Across the States, Tax Policy Center, March 28, 2018, and Tax Policy Center, T17-0009 - Baseline Distribution of Income and Federal Taxes, All Tax Units, by Expanded Cash Income Percentile, 2018, Tax Policy Center Model Estimates, March 10, 2017.