Tax Reform Bill Means More Money for Middle Class -- Here are the Rate Tables

[mikegriffith1]

Politifact has published an excellent, objective, factual summary of the final version of the tax reform bill, and the article includes the current tax rate tables and the new ones created by the bill (below).

My tax bill is going to drop from 15% to 12% for the second married bracket and from 25% to 22% for the third married bracket. That's gonna save me and my wife at least $220 per month.

What's in the final version of the tax bill?

Finally, keep in mind that under the new tax rates, the rich will be paying a rate far higher than most of us will ever have to worry about--37%.

 

[Billy_Bob]

Thank You PRESIDENT TRUMP and Republicans.. Bad news for the left wits..

 

[basquebromance]

The ONLY people whose taxes are going up are the really rich, in Manhattan and San Francisco. The facts are, the taxes for the working class are going down.

 

[Norman]

The ONLY people whose taxes are going up are the really rich, in Manhattan and San Francisco. The facts are, the taxes for the working class are going down.

The limousine liberals will be furious to have their million dollar house deductions taken. Already fuming...

 

[leftwinger]

$100K married. Use $24K deduction for Old vs. New

Old: ~$10452
New: ~$8907


Note:
$24K is close to a typical deduction now in high-cost states.
$8K property tax
$1K/mo mortgage interest
$4K state local tax

 

[usmbguest5318]

Tax Reform Bill Means More Money for Middle Class -- Here are the Rate Tables

That statement is disingenuously myopic. (see the linked content referenced in the following two posts)

• How does one propose a tax cut that is unpopular?
  
• How does one propose a tax cut that is unpopular?

Nobody denies that, in 2018, damn near everyone will get a tax cut of some measure.