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Pay more … What for?

Pay more … What for?
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Time for a better deal for Montanans on oil, gas resources

Time for a better deal for Montanans on oil, gas resources
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MT revenue analysis: Rich households get big share of 2017 federal tax cuts

By: Mike Dennison and last updated 2020-12-24 19:03:13-05 HELENA â The top 1 percent of Montana taxpaying households reaped about 25 percent of the total cuts from the 2017 federal income-tax cuts approved by congressional Republicans, a state Revenue Department of analysis shows. The analysis, provided to MTN News, estimated that Montanaâs 487,000 taxpaying households in 2019 saw an overall reduction in federal taxes that year of $909 million, because of the federal cuts. The average federal tax reduction per household was $1,866 â but, when the cuts are examined by income bracket, the analysis shows that benefits flowed disproportionately to top income-earners, who pay higher rates on their income and generally pay more taxes.

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