Here's a finer breakout of how filers at different income levels could benefit next year.
The bottom 20% (Up to $25,000): A 0.5% increase in after-tax income, or about $60 on average
The middle 20% ($48,600 to $86,100): A 1.2% increase in after-tax income, or $660 on average
The top 20% ($150,000 and up): A 3.3% increase in after-tax income, or $8,470 on average
Over the next decade, the good news for the top 1% would continue. Their average tax cut would be even bigger in 2027 than in 2018, though the top 0.1% would get a smaller tax cut 10 years from now than they would next year.
Most other income groups also would see less of a tax break by 2027.
Some won't get a break at all. Filers with total incomes between $150,000 and $300,000 would actually see their taxes increase by the end of the decade relative to what they pay today.
