Middle-income taxpayers fared better than millionaires from the 2017 GOP tax overhaul, according to data recently released by the IRS.
Taxpayers earning less than $100,000 saw double-digit percentage decreases in total tax liabilities between 2017 and 2018, the year after tax reform was enacted. Millionaires, on the other hand, saw single-digit decreases over the same time period, according to analysis from the conservative pro-tax cut organization Americans for Tax Reform.
While middle-income earners were the clear winner in terms of percentage declines in tax liability, millionaires received a larger break in terms of dollars…
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