The calculator is embedded in the article.
I was very pleasantly surprised.
Not so good for me.
I like this one better - http://taxplancalculator.com
My wife and I pay about the same. Time for me to retire. She’ll never retire.
I “think” our tax bill will be cut by a lot, maybe $1000. We will not need the property tax deduction. It did not help last year and our income is the same.
Confirms my gut feeling. My taxes would go up somewhat.
It’s a good SWAG. Looks like I’ll be helping those poor Goldman-Sachs owners out. I guess I’ll have to look at the corporate pass-through rates before I decide how to file. More money to the accountant—so much for simplifying the code.
This plan sucks when you consider that a flat or fair tax was seriously possible. This isn’t about Trump: Republicans are cowards and liars.
The tax savings for us is a drop in the bucket when compared to the Obamacare tax.
There are a lot of issues nobody has mentioned, such as how qualified dividends will be treated and how foreign tax paid will be credited.
Thanks for posting. Small tax cut for me but then I am retired. Surprisingly the Senate version cuts my taxes more.
I’m sitting in front of a roaring fireplace.
I have a cord of wood next to the house.
I want to care, but I can’t.
I’m gonna party with 5k.
This calc says I’m much better off, another said I’d owe much more. Don’t know what to think, maybe wait and see..
In the People’s Republic of Pennysltucky I’m looking at aboutg a 40-50% tax INCREASE.
Meet the newest Libertarian.
GOP can KMRRA.
That's not going to go over well with a lot of people.
Ok, tax wizards of FR. I usually itemize, but the calculators posted in this thread say I will save a lot if I opt instead for the standard deduction. Are there any tax or accounting rules forbidding me from deciding “hey, this year I don’t wanna itemize”?
The title to the article is “Will you pay more or less?” But the calculator doesn’t tell us that. It tells us what we would pay under the House and Senate bills. Now what we would pay now. Maybe they could add a third number for comparison?
No real change...dont care...
Pass it...
I save $1800 on the senate version, a little less on the House version. Thank you President Trump. Also, since I won’t be itemizing after this year I will prepay 2018 property tax, charitable deductions, etc. this month to make a quick $2500 refund on $10K in extra deductions.
If the ominous things I’ve been reading about this bill are even somewhat true (takes away student loan write-off; Child credits revoked), then the R’s in Congress have just set into motion the Great Trump Betrayal to end all Betrayals. If Trump sings this, he is singing his own death warrant.
ANY tax increase on anybody is political poison and he will go the way of Bush 41.
The R’s had a real opportunity to overhaul the system and start public steering toward getting rid of the IRS and income taxes. But we get this turd instead.
My dreams of a small (.2%) national sales tax on everything sold are dashed once more. har har
bkmk