τ
τ τ
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
Bill
ion
s o
f D
olla
rs
Year
Total Corporation Foundations Bequests Individuals
$0
$20
$40
$60
$80
$100
$120
Bill
ion
s o
f D
olla
rs
AGI DecileNon-Itemizers Itemizers
$0.60
$0.65
$0.70
$0.75
$0.80
$0.85
$0.90
$0.95
$1.00
$1.05
$1.10
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Pri
ce o
f G
ivin
g $
1
AGI Ventile
Pre-TCJA
TCJA
-$6
-$5
-$4
-$3
-$2
-$1
$0
$1
1st 2nd 3rd 4th 5th 6th 7th 8th 9th 91–95% 96–100%
Bill
ion
s o
f D
olla
rs
AGI Decile
Increase Standard Deduction All Other TCJA Provisions
-$14
-$12
-$10
-$8
-$6
-$4
-$2
$0
$2
$4
$6
1st 2nd 3rd 4th 5th 6th 7th 8th 9th 91–95% 96–100%
Billi
ons
of D
olla
rs
AGI Decile
TCJA
Non-Itemizer, Dollar Floor
Credit, Dollar Floor
Arthur C. Brooks, President; Michael R. Strain, Director of Economic Policy Studies; Stan Veuger, Editor,
is a publication of the American Enterprise Institute (AEI), a nonpartisan, not-for-
profit, 501(c)(3) educational organization. The views expressed in AEI publications are those of the authors.
AEI does not take institutional positions on any issues.
© 2018 by the American Enterprise Institute. All rights reserved. For more information on
, please visit www.aei.org/feature/aei-economic-perspectives/.
Top Related