Proposed tax cuts would benefit top earners more than lower- and middle-income residents

If you earn less than $26,700, you’ll see another $39 or so from the income tax cut proposed by Gov. Greg Gianforte, according to a budget analysis from a state policy nonprofit.

On the other hand, if your wallet is fat from a salary of $749,001, you’ll get another $9,577, according to the estimate.

Earlier this month, the Governor’s Office proposed what it described as “the largest income tax cut in state history” in its upcoming budget, reducing the rate most Montanans pay from 5.9% to 4.9%.