Here’s what Trump’s tax plan means for people at every income level from $20,000 to $269,000 a year

Here’s what Trump’s tax plan means for people at every income level from $20,000 to $269,000 a year

Republican leaders released their final version of the tax bill on Friday, December 15.

Congressional Republicans are touting the new plan as a wage-boosting, job-creating boon to the middle class, as well as a means of simplifying the tax system. But the tax reform efforts have earned harsh criticisms from the public and experts. The conservative Tax Foundation found Republicans also overpromised on how much the bill would boost the economy, according to Business Insider.

Business Insider’s Lauren Lyons Cole reported that while take-home pay is set to rise under the tax reform plan, 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‘s David Luther provided Business Insider with data breaking down how different occupations fare under the finalized tax plan. The estimated federal tax savings below are for a single, childless taxpayer who owns a house valued at three times their salary. Zippia’s calculations factored in whether a given taxpayer would benefit most from taking the standard deduction or itemizing deductions.

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 tax plan becomes law.

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Fast-food cooks

Fast-food cooks

Hannelore Foerster / Stringer / Getty Images

Average salary: $20,570

Current tax: $1,059

Tax under the Republican plan: $857

Percent tax cut: 19.1%

Cashiers

Cashiers

Kena Betancur / Stringer / Getty Images

Average salary: $21,680

Current tax: $1,226

Tax under the Republican plan: $971

Percent tax cut: 20.8%

Waiters and waitresses

Waiters and waitresses

Shutterstock/Mark Umbrella

Average salary: $24,410

Current tax: $1,635

Tax under the Republican plan: $1,299

Percent tax cut: 20.6%

Bartenders

Bartenders

Colin Young-Wolff/AP

Average salary: $25,580

Current tax: $1,811

Tax under the Republican plan: $1,439

Percent tax cut: 20.5%

Taxi drivers and chauffeurs

Average salary: $26,790

Current tax: $1,992

Tax under the Republican plan: $1,584

Percent tax cut: 20.5%

Barbers

Barbers

Sean Gallup / Getty Images

Average salary: $29,900

Current tax: $2,459

Tax under the Republican plan: $1,958

Percent tax cut: 20.4%

Butchers and meat cutters

Butchers and meat cutters

Justin Sullivan / Staff / Getty Images

Average salary: $31,740

Current tax: $2,735

Tax under the Republican plan: $2,178

Percent tax cut: 20.3%

Animal trainers

Average salary: $34,580

Current tax: $3,161

Tax under the Republican plan: $2,519

Percent tax cut: 20.3%

Models

Models

Reuters/Lucas Jackson

Average salary: $36,560

Current tax: $3,458

Tax under the Republican plan: $2,757

Percent tax cut: 20.3%

Construction laborers

Average salary: $37,890

Current tax: $3,645

Tax under the Republican plan: $2,916

Percent tax cut: 20.0%

Travel agents

Average salary: $39,900

Current tax: $3,895

Tax under the Republican plan: $3,158

Percent tax cut: 18.9%

Massage therapists

Massage therapists

Dimas Ardian/Getty Images

Average salary: $44,480

Current tax: $4,646

Tax under the Republican plan: $3,707

Percent tax cut: 17.0%%

Chefs and head cooks

Average salary: $47,390

Current tax: $4,825

Tax under the Republican plan: $4,056

Percent tax cut: 15.9%

Reporters and correspondents

Reporters and correspondents

Mark Wilson / Getty Images

Average salary: $49,770

Current tax: $5,121

Tax under the Republican plan: $4,342

Percent tax cut: 15.2%

Firefighters

Firefighters

Rafael Marchante/Reuters

Average salary: $50,520

Current tax: $5,214

Tax under the Republican plan: $4,432

Percent tax cut: 15.0%

Commercial divers

Average salary: $53,990

Current tax: $5,919

Tax under the Republican plan: $5,177

Percent tax cut: 12.5%

Electricians

Average salary: $56,650

Current tax: $6,465

Tax under the Republican plan: $5,763

Percent tax cut: 10.9%

Librarians

Average salary: $59,870

Current tax: $7,126

Tax under the Republican plan: $6,471

Percent tax cut: 9.2%

Zoologists and wildlife biologists

Average salary: $64,890

Current tax: $8,156

Tax under the Republican plan: $7,575

Percent tax cut: 7.1%

Human-resources specialists

Average salary: $64,890

Current tax: $8,156

Tax under the Republican plan: $7,575

Percent tax cut: 7.1%

Public-relations specialists

Public-relations specialists

Shutterstock

Average salary: $66,540

Current tax: $8,495

Tax under the Republican plan: $7,938

Percent tax cut: 6.6%

Insurance sales agents

Average salary: $67,760

Current tax: $8,745

Tax under the Republican plan: $8,207

Percent tax cut: 6.2%

Dental hygienists

Average salary: $73,440

Current tax: $9,905

Tax under the Republican plan: $9,296

Percent tax cut: 6.1%

Accountants and auditors

Accountants and auditors

Justin Sullivan/Getty Images

Average salary: $76,730

Current tax: $10,571

Tax under the Republican plan: $9,883

Percent tax cut: 6.5%

Real-estate brokers

Average salary: $79,340

Current tax: $11,100

Tax under the Republican plan: $10,348

Percent tax cut: 6.8%

Detectives and criminal investigators

Detectives and criminal investigators

Joshua Lott / Stringer / Getty Images

Average salary: $81,490

Current tax: $11,533

Tax under the Republican plan: $10,730

Percent tax cut: 7.0%

Computer programmers

Average salary: $85,180

Current tax: $12,262

Tax under the Republican plan: $11,371

Percent tax cut: 7.3%

Physical therapists

Physical therapists

David Rogers/Getty Images

Average salary: $87,220

Current tax: $12,665

Tax under the Republican plan: $11,726

Percent tax cut: 7.4%

Civil engineers

Average salary: $89,730

Current tax: $13,161

Tax under the Republican plan: $12,162

Percent tax cut: 7.6%

Computer-systems analysts

Average salary: $91,620

Current tax: $13,534

Tax under the Republican plan: $12,491

Percent tax cut: 7.7%

Electrical engineers

Average salary: $98,620

Current tax: $14,917

Tax under the Republican plan: $13,708

Percent tax cut: 8.1%

Veterinarians

Veterinarians

China Photos / Stringer / Getty Images

Average salary: $100,560

Current tax: $15,301

Tax under the Republican plan: $14,045

Percent tax cut: 8.2%

Securities, commodities, and financial-services sales agents

Securities, commodities, and financial-services sales agents

Bumble Dee/Shutterstock

Average salary: $102,260

Current tax: $15,637

Tax under the Republican plan: $14,370

Percent tax cut: 8.1%

Nurse practitioners

 Nurse practitioners

Brad Bower/Reuters

Average salary: $104,610

Current tax: $16,101

Tax under the Republican plan: $14,887

Percent tax cut: 7.5%

Mathematicians

Average salary: $105,600

Current tax: $16,296

Tax under the Republican plan: $15,105

Percent tax cut: 7.3%

 

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