Thread by @JStein_WaPo, BREAKING: 82% of the benefits of a tax change tucked in the [...]

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BREAKING: 82% of the benefits of a tax change tucked in the must-pass coronavirus package will go to people earning more than $1 million/yr, new JCT report finds

Hedgefunds & real estate owners are main beneficiaries

Report requested by @SenWhitehouse https://www.washingtonpost.com/business/2020/04/14/coronavirus-law-congress-tax-change/?itid=ap_jeffstein

Tax change in coronavirus package overwhelmingly benefits millionaires, congressional body finds

https://www.washingtonpost.com/business/2020/04/14/coronavirus-law-congress-tax-change/?itid=ap_jeffstein

Here's JCT's chart -->

Note it's about $70 billion for ~43,000 returns above $1M

https://www.washingtonpost.com/business/2020/04/14/coronavirus-law-congress-tax-change/?itid=ap_jeffstein

Here's JCT's chart -->Note it's about $70 billion for ~43,000 returns above $1M https://www.washingtonpost.com/business/2020/04/14/coronavirus-law-congress-tax-change/?itid=ap_jeffstein

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