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To: central_va

The first $24,400 is 0% for a married couple, half that for single filers. You’d need to adjust the brackets I listed for that. More if you can still itemize (need interest and property tax to be over those amounts - not a lot of people have that but 3-5% of filers probably will)


11 posted on 11/02/2017 8:15:15 AM PDT by rb22982
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To: rb22982
Here is a table based on taking standard deduction. Everyone gets a tax cut, with max percent for those in the $100K - $250K range.
Net Income	old	         new	         diff     %
 $10,000 	 $0   	         $-   	         $-   	   0%
 $20,000 	 $800 	         $-   	         $800 	   4%
 $30,000 	 $1,800 	 $720 	         $1,080    4%
 $40,000 	 $3,268 	 $1,920 	 $1,348 	3%
 $50,000 	 $4,768 	 $3,120 	 $1,648 	3%
 $60,000 	 $6,268 	 $4,320 	 $1,948 	3%
 $70,000 	 $7,768 	 $5,520 	 $2,248 	3%
 $80,000 	 $9,268 	 $6,720 	 $2,548 	3%
 $90,000 	 $10,978 	 $7,920 	 $3,058 	3%
 $100,000 	 $13,478 	 $9,120 	 $4,358 	4%
 $125,000 	 $19,728 	 $13,550 	 $6,178 	5%
 $150,000 	 $25,978 	 $19,800 	 $6,178 	4%
 $175,000 	 $32,525 	 $26,050 	 $6,475 	4%
 $200,000 	 $39,525 	 $32,300 	 $7,225 	4%
 $225,000 	 $46,525 	 $38,550 	 $7,975 	4%
 $250,000 	 $53,757 	 $44,800 	 $8,957 	4%
 $275,000 	 $62,007 	 $51,050 	 $10,957 	4%
 $300,000 	 $70,257 	 $58,900 	 $11,357 	4%
 $325,000 	 $78,507 	 $67,650 	 $10,857 	3%
 $350,000 	 $86,757 	 $76,400 	 $10,357 	3%
 $375,000 	 $95,007 	 $85,150 	 $9,857 	3%
 $400,000 	 $103,257 	 $93,900 	 $9,357 	2%
 $425,000 	 $111,507 	 $102,650 	 $8,857 	2%
 $450,000 	 $120,183 	 $111,400 	 $8,783 	2%
 $475,000 	 $128,933 	 $120,150 	 $8,783 	2%
 $500,000 	 $138,511 	 $128,900 	 $9,611 	2%
 $600,000 	 $178,111 	 $163,900 	 $14,211 	2%
 $700,000 	 $217,711 	 $198,900 	 $18,811 	3%
 $800,000 	 $257,311 	 $233,900 	 $23,411 	3%
 $900,000 	 $296,911 	 $268,900 	 $28,011 	3%
 $1,000,000 	 $336,511 	 $303,900 	 $32,611 	3%
 $1,100,000 	 $376,111 	 $342,396 	 $33,715 	3%
 $2,000,000 	 $732,511 	 $698,796 	 $33,715 	2%
 $3,000,000 	 $1,128,511 	 $1,094,796 	 $33,715 	1%
 $5,000,000 	 $1,920,511 	 $1,886,796 	 $33,715 	1%
 $10,000,000 	 $3,900,511 	 $3,866,796 	 $33,715 	0%

12 posted on 11/02/2017 8:35:06 AM PDT by rocklobster11
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