Tag: individual income tax

Assessing the Effects of Keeping Top Individual Income Tax Rates Low

Apr 14, 2025

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by

Mary Eschelbach Hansen

in Personal Income Tax, Publications, Reports

The TCJA cut income taxes on top earners from 39.6% to 37%, among other changes. This brief assesses the macroeconomic impact of making the TCJA tax cut on top earners permanent compared to letting it expire and compared to raising it. IMPA’s assessment shows that permanent extension of the TCJA tax cut on top earners…