The GOP Tax Bill’s Estimated Effects In 2027

In 2027, the Republican tax overhaul would raise taxes on 53 percent of households. Still, as in 2018, both by percentages and total dollars, the benefits would be far greater for higher-income households. Households making $1 million or more per year would get an average tax cut of $23,190, a 0.9 percent boost in after-tax income.

Average benefit from tax bill

$-10,0000$10,000$20,000$30,000$0$-30$-40$-50$-40$-30$10$50$340$1,490$23,190
bulletLess than $10K
bullet$10K-$20K
bullet$20K-$30K
bullet$30K-$40K
bullet$40K-$50K
bullet$50K-$75K
bullet$75K-$100K
bullet$100K-$200K
bullet$200K-$500K
bullet$500K-$1M
bulletMore than $1M

Percent change in after-tax income

-0.5%00.5%1.0%-0.1%-0.2%-0.1%-0.1%-0.1%-0.1%0.0%0.0%0.1%0.3%0.9%
bulletLess than $10K
bullet$10K-$20K
bullet$20K-$30K
bullet$30K-$40K
bullet$40K-$50K
bullet$50K-$75K
bullet$75K-$100K
bullet$100K-$200K
bullet$200K-$500K
bullet$500K-$1M
bulletMore than $1M