How much should I expect my income taxes to decrease with a republican President and Congress?

[brainhulk]

c'mon, cheer me up

 

[Indus]

If you're making over 5 million dollars.. probably a lot.

If you're under that.. I wouldn't get your hopes up too much.

 

[dank69]

Depends on your income

 

[highland145]

0 but your h.c. is going to still be sky high so you're still broke.

 

[cliftonite]

About 7 to 8K based on this: http://www.clark.com/tax-calculator-clinton-trump

 

[tweaker2]

And the rich gets richer and their enablers who voted against their own best interests like it that way.

 

[brainhulk]

https://www.yahoo.com/finance/news/your-money-under-president-trump-204251221.html

Overall the plan would slash the average tax bill in 2017 by $2,940, increasing after-tax income by 4.1%, according to the Tax Policy Center. The highest-income taxpayers (those with incomes over $3.7 million) would see an average tax cut of nearly $1.1 million, or over 14% of after-tax income. Households in the middle fifth of income distribution would get an average tax cut of $1,010 or 1.8% of after-tax income, and the poorest fifth would see their taxes drop an average of $110, or 0.8% of after-tax income.

Under Trump’s plan, say goodbye to the federal estate, gift and generation-skipping transfer taxes. Lots more More details on Trump’s tax plan here and here.

 

[pcgeek11]

Good mine should drop about $2,500 under Trump.

 

[sdifox]

I'll reserve my judgement til I see an actual plan. going by what he said during the election is just being conned.

 

[senseamp]

Depends on the plan, that calculator says $1-4K, depending on if I itemize deductions, but probably a pittance that will be offset by economic damage he does and inflation caused by his porkulus.

 

[IronWing]

Good thing deficits don't matter.

 

[Jhhnn]

Look at it this way- if you have absolutely no need for a tax cut, you'll get a big one.

So you can use it to, uhh... create jobs... yeh, that's it. They fall for it every time....

The revenue loss will be an obvious reason to cut social spending & govt employment doing all sorts of things but likely not enough to prevent larger deficits.

Get a hold of your bootstraps, if you have any. The Repub recommended method is to put your knees & forehead on the ground, reach back & pray for a reach around...

 

[Jhhnn]

Good thing deficits don't matter.

Deficits brought on by fat cat tax cuts & military spending are a good thing. Everybody knows that.

 

[EOM]

If you're making over 5 million dollars.. probably a lot.

If you're under that.. I wouldn't get your hopes up too much.

Pretty much this, maybe a little lower threshold, 1 million though

 

[GagHalfrunt]

Your taxes will improve under Trump exactly as much as the lives of inner city black men improved under Obama.

 

[Jhhnn]

Your taxes will improve under Trump exactly as much as the lives of inner city black men improved under Obama.

Like this?-

http://money.cnn.com/2016/01/08/news/economy/black-unemployment-falls-hits-8-year-low/

 

[GagHalfrunt]

Like this?-

http://money.cnn.com/2016/01/08/news/economy/black-unemployment-falls-hits-8-year-low/

ROFLMAO!!! Knew you'd cherry pick that stat without stopping to realize how stupid you'd look if you did.

No, I mean like this:
http://www.nationalreview.com/artic...k-obama-going-backwards-under-president-obama

and this

http://ijr.com/2014/12/220847-obama-claims-black-america-better-off-but-facts-say-otherwise/

 

[sandorski]

Tremendous%, only the Best%.