COMMENTARIES

Study: 83% of the tax cut did not go to the very rich

Study: 83% of the tax cut did not go to the very rich

The Tax Cut and Jobs Act of 2017 (TCJA) represents the most significant change in U.S. taxation
since 1986. The bill’s fairness and welfare impacts have been studied and widely debated. But
prior distributional analyses suffer from three shortcomings.

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