United States | News & Politics

2003 readers

1354 users here now

Welcome to [email protected], where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

founded 2 years ago

MODERATORS

[email protected]

631

How Trump or Harris tax plans might change your income (slrpnk.net)

submitted 1 month ago by [email protected] to c/[email protected]

107 comments fedilink hide all child comments

Source https://www.barrons.com/articles/trump-harris-tax-rates-plans-cuts-income-e8db90ee

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 1 month ago

I'm assuming you mean they will be getting a lower portion of the increases? The chart you have here looks more like how many people fall in a given bracket.

It makes plenty of sense to shift things to greater gains on the lower end. A while back there was a study that said somewhere around $75K was the point at which actual income gains start to level off as far as what improvements it makes to your life. At that point you can probably pay your bills and afford to eat without stressing so much over every decision. I forget if that was for a single person or what, but for where I live it would be doable to be sure. Lower than that and you need that extra boost to just meet the basic needs.