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Results: How much will I get with these tremendous tax cuts that Trump and the GOP are advocating? PART 2

Published on 03/17/2025
By: kimmitch
111
2261
Money
If you are looking forward to Trump tax cuts, do you realize how much (or little) you will actually get? Please keep in mind that inflation is now at 2.9% as of February, 2025. This information is taken from the Penn Wharton Budget Model https://budgetmodel.wharton.upenn.edu/issues/2025/2/27/fy2025-house-budget-reconciliation-and-trump-tax-proposals-effects ****For clarification: This is the The FY2025 House Budget reconciliation and Trump Administration Tax Proposals: Budgetary, Economic, and Distributional Effects ****Also for clarification: Penn Wharton is Trump's alma mater circa 1968.
QUESTIONS
GO to COMMENTS Comments
1.
1.
Did you realize if you are in the 4th bracket, making between $107,000/year and $276,999,  you will get a tax break of $4955/year? That is $412.92/month or $95.29/week. That is 3.5% after tax increase. Recall, inflation is at 2.9% as February, 2025.
Did you realize if you are in the 4th bracket, making between $107,000/year and $276,999,  you will get a tax break of $4955/year? That is $412.92/month or $95.29/week. That is 3.5% after tax increase. Recall, inflation is at 2.9% as February, 2025.
Yes
12%
271 votes
No
26%
578 votes
I am Canadian
30%
663 votes
N/A
31%
688 votes
2.
2.
Did you realize if you are in the top 80-90% bracket, making between $182,000 and $276,999, you will get a tax break of $8280/year? That breaks down to $690/month or $159.23/week. That is 3.8% after tax increase. Recall, inflation is at 2.9% as of February, 2025.
Did you realize if you are in the top 80-90% bracket, making between $182,000 and $276,999, you will get a tax break of $8280/year? That breaks down to $690/month or $159.23/week. That is 3.8% after tax increase. Recall, inflation is at 2.9% as of February, 2025.
Yes
12%
253 votes
No
27%
586 votes
I am Canadian
30%
668 votes
N/A
32%
693 votes
3.
3.
Did you realize if you are in the top 90-95% bracket, making between $277,000 and $406,999, you will get a tax break of $13,135/year? That breaks down to $1094.58/month or $252.60/week. That works out to 3.9% after tax increase. Recall, inflation is at 2.9% as of February, 2025.
Did you realize if you are in the top 90-95% bracket, making between $277,000 and $406,999, you will get a tax break of $13,135/year? That breaks down to $1094.58/month or $252.60/week. That works out to 3.9% after tax increase. Recall, inflation is at 2.9% as of February, 2025.
Yes
11%
242 votes
No
26%
581 votes
I am Canadian
31%
677 votes
N/A
32%
700 votes
4.
4.
Did you realize if you are in the top 95-99% bracket, making between $407,000 and $1,047,999, you will get a tax break of $31,555/year? That breaks down to $2629.58/month or $606.83/week. That works out to 5.3% after tax increase. Recall, inflation is at 2.9% as of February, 2025.
Did you realize if you are in the top 95-99% bracket, making between $407,000 and $1,047,999, you will get a tax break of $31,555/year? That breaks down to $2629.58/month or $606.83/week. That works out to 5.3% after tax increase. Recall, inflation is at 2.9% as of February, 2025.
Yes
12%
254 votes
No
26%
571 votes
I am Canadian
31%
673 votes
N/A
32%
702 votes

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