Total Reduction in PIT by Income SL 2017 57

Tax Year 2019 Total Reduction in Personal Income Tax Liability by Income S.L. 2017-57, Appropriations Act of 2017 old new Federal AGI Total Change in Tax Liability (millions) Percent of Total Taxable Returns* Less than $30,000 ($80.3) 24.3% $30,000 - $49,999 ($94.2) 21.5% $50,000 - $99,999 ($180.8) 28.7% $100,000 - $199,999 ($211.4) 19.0% $200,000 - $499,999 ($102.1) 5.5% Greater than $499,999 Total ($98.7) ($767.5) 1.0% 100.0% *Taxable returns = returns with positive income tax liability; nonfilers and returns with $0 tax liability are excluded. Source: Compiled by the Fiscal Research Division based on data from the FRD Tax Model and 2014 taxpayer data from the North Carolina Department of Revenue July 27, 2017