Tax Bill for Top 1% Would Shrink Under Trump Plan, Rise Under Clinton's

Hillary Clinton and Donald Trump would take the tax code in opposite directions, with the split being especially sharp on their treatment of the top 1% of U.S. households, according to a new analysis.

"In almost every meaningful respect, these plans are mirror images," said Leonard Burman, director of the Tax Policy Center, which analyzed both candidates' tax plans.

Mr. Trump's plan would cut taxes by $6.2 trillion over a decade, removing more than 13% of projected federal revenue and delivering about half the benefit to the top 1%, according to the Tax Policy Center. Those richest households would get an average tax cut in 2017 of $214,690 and would see their after-tax income increase by 13.5%. Middle-income households, on average, would see tax cuts, too, though their gains wouldn't be as large as a share of income.

Mrs. Clinton, meanwhile, would increase taxes by $1.4 trillion, concentrated on the top sliver of U.S. households. The top 1% would see after-tax income fall by 7.4% and face an average tax increase of $117,760 in 2017. Most Americans in lower income groups would get small tax cuts.

Wall Street Journal