[SamAdams76]

My current federal tax rate is 28%. Under Trump's plan, it goes to 20%. That's a pretty significant decrease. That 20% rate goes up to an income of $300,000 (married, filing jointly). Then it maxes out at 25% for anybody making $300,001 and up ($150,001 if you are single).

I can live with that.

[ctdonath2]

That’s a decent start.

[cranky enable=yes]
Ya know, every competent & capable adult is expected to achieve financial independence by about age 65, starting at nothing and having to earn their way.
Strange that the government - after some 250 years - STILL can’t fund its own way, despite owning the d@mn money printing presses and taxing the he11 out of everyone the whole time, is absurd.
[cranky enable=no]

[Sequoyah101]

Did you consider tax due on all the income or did you use your previous deduction terms?

I did the calc on 100% of income, no adjusted gross income and I LIKE the result. Simpler, less fuss, no flim flam. I can live with keeping 75% of what I earn if I do well. Live with it all day long and twice on Sunday.

Working for 50 or 60 cent dollars as we do now is a non-starter for busting my butt and being at risk though.