How Trump’s tax cuts (and hikes) will impact you, explained in one simple chart
Great news for those in the 35% and 40% brackets. Not so great for those earning less than $18,550, where, according to HowMuch.net, the tax rate would actually go up by 2 percentage points to 12%.
.. Of note, Amoros points out that the graph doesn’t account for other aspects of Trump’s plan, like the increase of standard deductions and a cap on itemized deductions.