GOP Tax Bill Could Mean Tax Burden Lowered For All Incomes

Multiple Washington, DC think tanks believe all Americans will see their tax burdens lowered because of the GOP tax bill.  Tax Foundation says a married couple making around $50,000 will see their taxes drop 8% with TaxPlanCalculator.com saying they'd save almost $1,400.  Tax Policy Center agrees taxes will go down, but didn't provide specifics.  TaxPlanCalculator.com says a single person making $50,000 per year would see taxes drop over $1,100.  

The bill was passed Wednesday.  The tax cuts do expire in 2025, unless Congress decides to extend them.

Photo: AOL


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