Waiting for tax cuts 11 Feb 2017
While all these people seem to be outraged about Trump in one way or another he seems to be on track implementing the things he promised.
But some are eagerly waiting for tax cuts he’s had in his tax reform plans:
- If you are single and earn less than $25,000, or married and jointly earn less than $50,000, you will not owe any income tax. That removes nearly 75 million households – over 50% – from the income tax rolls. They get a new one page form to send the IRS saying, “I win,” those who would otherwise owe income taxes will save an average of nearly $1,000 each.