(Bloomberg) -- "The final Republican tax bill would lower taxes on average across the income spectrum for the first eight years, with the largest benefits going to upper earners, according to a new analysis Monday by the Urban-Brookings Tax Policy Center.
Next year, the average federal tax cut would be $1,610, the study found. The bottom fifth of income-earners would get an average cut of $60 and those in the middle fifth would get a $930 cut on average, according to the analysis. The top 1 percent would get $51,140 on average, and the top 0.1 percent would get $193,380, it found...
By 2027, individual breaks that are set to expire would lead to a tax increase for the bottom 60 percent of earners relative to existing law, while those on the higher end -- especially the top 1 percent -- would continue to see lower taxes, according to the analysis." Click here to read more at Bloomberg.