Sahil Kapur

@sahilkapur ↗

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Last Checked July 17, 2022

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Tue Nov 23 17:14:15 +0000 2021

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Sahil Kapur @sahilkapur

Significant correction here. Turns out Build Back Better will *raise* average taxes for incomes over $1 million by 3.2 percentage points. JCT previously estimated BBB will *cut* average taxes for incomes over $1 million by 1.7 percentage points. https://t.co/VHt0zfTZor — PolitiTweet.org

JCT corrects an error in the calculation of average tax rates for 2022 reported in JCX-47-21. https://t.co/tmaNk5h1DY

Posted Nov. 23, 2021 Hibernated

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Sahil Kapur @sahilkapur

Unclear if Republican donors or officials are objecting to the party apparatus being used to bolster the former president’s personal financial interests — PolitiTweet.org

This is really something. A political party is paying for a former president’s legal bills for an investigation int… https://t.co/4tCf0rt7sT

Posted Nov. 23, 2021 Hibernated

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Sahil Kapur @sahilkapur

tl;dr the SALT provision cuts taxes for the wealthy but once you factor in the rest of the bill, it nets out a tax rate hike for seven-figure incomes. Also notable: JCT still estimates that incomes between $500K-$1M would pay a lower tax rate in ‘22 under BBB. — PolitiTweet.org

Significant correction here. Turns out Build Back Better will *raise* average taxes for incomes over $1 million by… https://t.co/P6fivs6BUA

Posted Nov. 23, 2021 Hibernated