The money a household has to deposit into a bank account would decrease by an average of almost 55% if U.S. tax cuts are allowed to expire, an analysis from Market Rates Insight found.
The amount would decrease to $2,182 from $4,782, a decline of $2,600, Market Rates Insight said Monday. That is the amount of added annual federal tax an average household would have to pay, according to estimates from the Tax Policy Center, Market Rates Insight said.
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