Trump's 2017 tax cuts gave the highest cuts in percentage terms to Americans in the 95th to 99th percentiles of income, who had adjusted gross income of $218,000 to $540,000 in 2018.
About 86% of the benefits of the pass-through tax break, or $37.1 billion in 2018, went to the top 10% of taxpayers.
More than $150 billion in benefits from the new corporate income tax, which cut effective tax rates for the biggest companies in half, were split 50-50 between shareholders and highly paid executives, with little benefit for consumers and rank-and-file employees without stock portfolios.
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