How the Build Back Better Act is giving high earners a one-year tax break

The Build Back Better Act that House Democrats passed Friday has tax provisions with different start dates and duration. Households’ tax bills may vary greatly from year to year, especially from 2022 to 2023, if the legislation succeeds. Those with more than $1 million of income would get a larger relative tax cut in the first year than some other groups, according to a Joint Committee on Taxation estimate. The dynamic shifts in later years.

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