President Trump: What Does It Mean for Your Tax Bill?
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Re: President Trump: What Does It Mean for Your Tax Bill?
#2If you're an independent contractor, you'll pay a 15% rate on your income. 15%.
Also: "those earning less than $48,400 will experience an annual tax cut of less than $400, while those earning in excess of $700,000 will walk away with an average of an extra $215,000 per year." (That's probably assuming the 700k is from business interests, not salary)