[ad_1] one in new analysisThe Tax Policy Center found that the tax provisions of the Inflation Reduction Act (IRA) are highly progressive. Taxes will increase by $6,060 (0.3 percent of after-tax income) in 2023 for the top 1 percent of households with incomes over nearly $1 million. The TPC estimates that the top 0.1 percent (income over $4.4 million) of households will have an additional burden of $41,580 (0.4 percent of after-tax income). IRAs include a mix of tax deductions and tax increases that are included in TPC’s analysis. Most…
Wednesday, March 19, 2025
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