The more surprising figures are shown in the next chart, which shows States with median income below the national average. Recall that I said reducing the 27 percent rate to 25 percent will benefit married couples with taxable income over $45,000. Now look at the median income distributions on this chart. There is not one State on here that has a median family income of less than $45,000. So you can see that our proposal will benefit everyone, not just an elite few, from a few selected states.
Chuck Grassley: “The more surprising figures are shown in the next chart, which shows States with median income below the national…”
Editor's note · Context
Discussing the impact of tax rate reductions on median income in various states.
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