Trump ‘Big Beautiful Bill’ gives the top 1% of the biggest tax deduction in these states

A Large scale package of tax deduction President Trump signed the law on Friday There would be a wind For the wealthiest American homes. But the size of that financial benefit depends largely High income tax payer According to a new, live Analysis By the Institute on Taxation and Economic Policy.

This law will give average tax deduction to the top 1% of American families, which in 2026, in 2026, according to a left-sighting think tank, is approximately $ 66,000, or about 2.4% of their income. (These houses have an income of $ 917,000 or more per year, which is about 2.7 million dollars, it is said.)

Some houses stand to get great tax benefits.

ITEP found that the wealthiest houses in three states – Vyoming, South Dakota and Texas – would see their annual tax bills falling more than $ 100,000.

In Vyoming, the top 1% will see their taxes falling the most: an average of $ 133,000 (or 3% of income) in 2026, said this. The average income of the top 1% in the state is around $ 4.5 million.

ITEP research director Carl Davis said, “Bill is the most beneficial for orthodox-blowing states, with lots of rich people who live within their boundaries.”

These states also do not levy personal income tax, they said.

Vyoming and Texas “are classic examples of states with lots of rich people and who are incredibly mildly,” Davis said.

Senate Republican Law passedOriginally called a large beautiful bill act, with the thinnest of the margin on Tuesday. House Republicans Passed bill On Thursday, and sent to the President for his signature.

This law provides more than $ 4 trillion net tax deduction in a decade, with most benefits for high-or-ore homes, found in analysis. It also kills social security nets, to help those who reduce billions of dollars from programs such as Medicid and Food Stamp.

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The bill of the bill is an extension of the 2017 tax deduction implemented during the first term in the office of President Trump.

Overall, the law reduces income tax rates, exempt a large part of the wealth rich with taxation and gives a break to the business owners. Davis said GOP bills are one of the original methods of profit in high -income houses.

It also captures the amount of state and local income taxes and property taxes that can deduct their taxable income every year in homes, at $ 40,000.

That “salt” policy Vyoming, South Dakota and Texas do not negatively affect the rich inhabitants, where the residents do not have the outstanding dues of the state, Davis said. But it has a major impact on high state and local income tax and property tax states.

In other words, the high-ie residents of Vyoming, South Dakota and Texas typically get most of the taxes and are not very negative, they said.

In contrast, the highest -grossing 2026 in California and New Jersey will see a small tax deduction, the average of $ 34,000 and $ 21,000 respectively, ITEP found. It represents about 1% of their income in each state.

Different analyzes found that the richest home will get the biggest financial benefits from the GOP bill.

Top 20% of American houses (earning more than $ 217,000 per year) You will get a tax deduction According to the Tax Policy Center, in 2026, his tax is equal to 3.4% of income. Meanwhile, below 20% will get 0.8% tax deduction.

Its analysis only investigated the tax parts of the law.

Overall, more comprehensive analysis which is also responsible for cutting programs such as Medicid and Supplement Nutrition Assistance Program, Will be spoiledAccording to analysis by the budget lab in the budget office of Yale University and Congress, which had prepared a similar law passed by the House last month.