In addition to extending the Tax Cuts and Jobs Act, one of his signature achievements in his first term, President-elect ...

This dashboard measures the proportion of income received by each quintile and each quintile’s sources of income. By clicking on the boxes, it is possible to view the composition by quintile for each ...

Specifically, the bottom quintile sees a 0.6% income decline ... Trump has also floated the idea of shaking up the federal income tax by replacing it with revenue from tariffs on imported goods.

In 2024, the top-earning quintile paid $3.2 trillion ... This is because a singular focus on tax rates ignores other revenue-determining factors such as the income thresholds for every tax bracket ...

Sales and excise taxes, which constitute a significant portion of state and local revenue ... the top quintile, which ...