Categories: Curiosities

17 Clever Tips to Take Advantage of the New Tax Plan

IN FACT, BE A MILLIONAIRE

In simpler terms, the average taxpayer earning between $50,000 and $85,000 a year will get a 2019 tax cut of $850. The average taxpayer earning more than $1 million, on the other hand, will get $34,130. The disparity is due to widen when the individual tax cuts expire in 2027, at which point half of taxpayers earning more than $500,000 will get a $500 tax cut, compared with 5 percent of those earning between $50,000 and $75,000.

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