Wealthiest 1% of West Virginians Gain from Tax Cuts in Health Care Repeal
In West Virginia, 96 percent of the benefit from repealing these two taxes would go to the wealthy top 1 percent of West Virginians. Only 11,063 West Virginians, or 1.2 percent of taxpayers in the state, according to a recent analysis by the Institute on Taxation and Economic Policy (ITEP), would benefit from cutting these taxes. The average tax cut in West Virginia for the estimated 11,063 taxpayers impacted would be $5,239. The other 922,000 taxpayers in the state would receive no benefit.
Nationwide, the tax cuts would total $31.5 billion. Of that, only 0.15 percent would go to taxpayers in West Virginia, roughly $46 million.
Below are the state-by-state figures for more information on who benefits from these proposed tax cuts: