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