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Even Families Making $100K Won’t Be Better Off Under New Tax Plan

Source: nbcnews.com - May 3, 2017

The Trump administration's single-page tax plan might be light on details, but tax experts say it's likely that upper-middle-class families, especially those living in blue states, could take a hit, even as the wealthiest Americans get a windfall.

"Nineteen bullet points don't make a tax plan," said Roberton Williams, senior fellow at the Urban-Brookings Tax Policy Center. Tax experts echoed the futility of trying to make projections — or, for average Americans, trying to plan their financial futures — without any detailed insight into what parts of the tax code might change.

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Category: General Business