Here's what Trump's tax plan means for people at every income level from $20,000 to $269,000 a year
- Dec. 5, 2017, 7:30 PM
- 15,831,566
• The GOP's tax plan is far from
finalized — Senate and House Republicans must agree on a final version
of their plans before it can move forward.
• So far both plans have attracted plenty of criticism.
• Career site Zippia broke down how the Senate tax plan could affect take-home pay in 2018 for people in various occupations.
Congressional Republicans are touting their new tax plan as a wage-boosting, job-creating boon to the middle class — despite harsh criticisms from the public and experts.
Business Insider's Lauren Lyons Cole reported that while take-home pay is set to rise under both plans, most Americans won't see a ton of extra cash in their pockets. But how much you save also depends on how much you currently earn.
Career site Zippia provided Business Insider with data breaking down how different occupations fare under the Senate's tax plan. The estimated federal tax savings below are for a single, childless taxpayer who claims the standard deduction.
Following is a look at how people in a number of occupations, from fast-food cooks to pilots to anesthesiologists, could see their taxes change next year if the Senate's tax plan becomes law.
Update: Republican leaders released their final version of the tax bill on Friday. We have an updated article with the most recent proposed 2018 tax brackets.
Fast-food cooks
Current tax: $1,059
Tax under the Senate plan: $857
Percent tax cut: 19.1%
Cashiers
Current tax: $1,226
Tax under the Senate plan: $971
Percent tax cut: 20.8%
Waiters and waitresses
Current tax: $1,635
Tax under the Senate plan: $1,299
Percent tax cut: 20.6%
Bartenders
Current tax: $1,811
Tax under the Senate plan: $1,439
Percent tax cut: 20.5%
Taxi drivers and chauffeurs
Average salary: $26,790
Current tax: $1,992
Tax under the Senate plan: $1,584
Percent tax cut: 20.5%
Barbers
Current tax: $2,459
Tax under the Senate plan: $1,958
Percent tax cut: 20.4%
Butchers and meat cutters
Current tax: $2,735
Tax under the Senate plan: $2,178
Percent tax cut: 20.3%
Animal trainers
Average salary: $34,580
Current tax: $3,161
Tax under the Senate plan: $2,519
Percent tax cut: 20.3%
Models
Current tax: $3,458
Tax under the Senate plan: $2,757
Percent tax cut: 20.3%
Construction laborers
Average salary: $37,890
Current tax: $3,657
Tax under the Senate plan: $2,916
Percent tax cut: 20.3%
Travel agents
Average salary: $39,900
Current tax: $3,959
Tax under the Senate plan: $3,158
Percent tax cut: 20.2%
Massage therapists
Current tax: $4,646
Tax under the Senate plan: $3,707
Percent tax cut: 20.2%
Chefs and head cooks
Average salary: $47,390
Current tax: $5,082
Tax under the Senate plan: $4,056
Percent tax cut: 20.2%
Reporters and correspondents
Current tax: $5,581
Tax under the Senate plan: $4,342
Percent tax cut: 22.1%
Firefighters
Current tax: $5,769
Tax under the Senate plan: $4,432
Percent tax cut: 23.2%
Paralegals and legal assistants
Current tax: $6,434
Tax under the Senate plan: $4,999
Percent tax cut: 22.3%
Commercial divers
Average salary: $53,990
Current tax: $6,636
Tax under the Senate plan: $5,177
Percent tax cut: 22%
Electricians
Average salary: $56,650
Current tax: $7,301
Tax under the Senate plan: $5,763
Percent tax cut: 21.1%
Librarians
Average salary: $59,870
Current tax: $8,106
Tax under the Senate plan: $6,471
Percent tax cut: 20.2%
Zoologists and wildlife biologists
Average salary: $64,890
Current tax: $9,361
Tax under the Senate plan: $7,575
Percent tax cut: 19.1%
Human-resources specialists
Average salary: $64,890
Current tax: $9,361
Tax under the Senate plan: $7,575
Percent tax cut: 19.1%
Public-relations specialists
Current tax: $9,774
Tax under the Senate plan: $7,938
Percent tax cut: 18.8%
Insurance sales agents
Average salary: $67,760
Current tax: $10,079
Tax under the Senate plan: $8,207
Percent tax cut: 18.6%
Dental hygienists
Average salary: $73,440
Current tax: $11,499
Tax under the Senate plan: $9,456
Percent tax cut: 17.8%
Accountants and auditors
Current tax: $12,321
Tax under the Senate plan: $10,180
Percent tax cut: 17.4%
Real-estate brokers
Average salary: $79,340
Current tax: $12,974
Tax under the Senate plan: $10,754
Percent tax cut: 17.1%
Detectives and criminal investigators
Current tax: $13,511
Tax under the Senate plan: $11,227
Percent tax cut: 16.9%
Computer programmers
Average salary: $85,180
Current tax: $14,434
Tax under the Senate plan: $12,103
Percent tax cut: 16.1%
Physical therapists
Current tax: $14,944
Tax under the Senate plan: $12,592
Percent tax cut: 15.7%
Civil engineers
Average salary: $89,730
Current tax: $15,571
Tax under the Senate plan: $13,195
Percent tax cut: 15.3%
Computer-systems analysts
Average salary: $91,620
Current tax: $16,044
Tax under the Senate plan: $13,648
Percent tax cut: 14.9%
Electrical engineers
Average salary: $98,620
Current tax: $17,794
Tax under the Senate plan: $15,328
Percent tax cut: 13.9%
Veterinarians
Current tax: $18,279
Tax under the Senate plan: $15,794
Percent tax cut: 13.6%
Securities, commodities, and financial-services sales agents
Current tax: $18,704
Tax under the Senate plan: $16,202
Percent tax cut: 13.4%
Nurse practitioners
Current tax: $19,361
Tax under the Senate plan: $16,766
Percent tax cut: 13.4%
Mathematicians
Average salary: $105,600
Current tax: $19,638
Tax under the Senate plan: $17,004
Percent tax cut: 13.4%
Sales engineers
Average salary: $108,880
Current tax: $20,556
Tax under the Senate plan: $17,791
Percent tax cut: 13.5%
Aerospace engineers
Average salary: $112,010
Current tax: $21,433
Tax under the Senate plan: $18,542
Percent tax cut: 13.5%
Actuaries
Current tax: $22,023
Tax under the Senate plan: $19,048
Percent tax cut: 13.5%
Computer and information research scientists
Average salary: $116,320
Current tax: $22,639
Tax under the Senate plan: $19,576
Percent tax cut: 13.5%
Pharmacists
Current tax: $23,745
Tax under the Senate plan: $20,524
Percent tax cut: 13.6%
Personal-financial advisers
Current tax: $24,538
Tax under the Senate plan: $21,204
Percent tax cut: 13.6%
Lawyers
Current tax: $29,236
Tax under the Senate plan: $25,231
Percent tax cut: 13.7%
Marketing managers
Average salary: $144,140
Current tax: $30,429
Tax under the Senate plan: $26,253
Percent tax cut: 13.7%
Airline pilots, copilots, and flight engineers
Current tax: $32,845
Tax under the Senate plan: $28,324
Percent tax cut: 13.8%
Dentists
Current tax: $38,751
Tax under the Senate plan: $33,535
Percent tax cut: 13.5%
Chief executives
Average salary: $194,350
Current tax: $44,488
Tax under the Senate plan: $40,092
Percent tax cut: 9.9%
Family and general practitioners
Current tax: $46,297
Tax under the Senate plan: $42,159
Percent tax cut: 8.9%
Orthodontists
Average salary: $228,780
Current tax: $55,465
Tax under the Senate plan: $51,613
Percent tax cut: 6.9%
Anesthesiologists
Current tax: $68,935
Tax under the Senate plan: $65,900
Percent tax cut: 4.4%
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