1. Some middle-class families will have a tax rate of zero this year — or less - Cbs News

    Some middle-class families will have a tax rate of zero this year — or less - Cbs News

    The American Rescue Plan signed into law by President Joe Biden delivered $1.9 trillion of aid to shore up families, businesses, and cities and local governments amid the ongoing pandemic. But it will also have another impact by lowering the average individual tax rate to almost zero — and even less — for families earning below $75,000 a year. So estimates the nonpartisan Joint Committee on Taxation (JCT), which recently published its forecast for average individual tax rates in 2021.

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