President Trump: What Does It Mean for Your Tax Bill?

President Trump: What Does It Mean for Your Tax Bill?(forbes.com)

1 points by crsmith 9 years ago | 1 comment

crsmith 9 years ago |

If you're an independent contractor, you'll pay a 15% rate on your income. 15%.

Also: "those earning less than $48,400 will experience an annual tax cut of less than $400, while those earning in excess of $700,000 will walk away with an average of an extra $215,000 per year." (That's probably assuming the 700k is from business interests, not salary)

crsmith 9 years ago |

If you're an independent contractor, you'll pay a 15% rate on your income. 15%.

Also: "those earning less than $48,400 will experience an annual tax cut of less than $400, while those earning in excess of $700,000 will walk away with an average of an extra $215,000 per year." (That's probably assuming the 700k is from business interests, not salary)