I get that it's hard to believe at first how insane this new bill is. I was in absolute disbelief when I first did the numbers.
A single person earning $100,000, claiming the standard deduction, will have a total federal tax liability of $15,410 for 2018, or an effective rate of 15.4%.
No, I'm not. Do the calculations yourself.
https://www.calcxml.com/calculators/trump-tax-reform-calcula...
I get that it's hard to believe at first how insane this new bill is. I was in absolute disbelief when I first did the numbers.
A single person earning $100,000, claiming the standard deduction, will have a total federal tax liability of $15,410 for 2018, or an effective rate of 15.4%.