Summary
The higher your income, the sweeter your tax break. You're in luck if your annual income sits at $450,000 or higher. This puts you squarely in the top 5% of earners in the U.S.
Middle-income households earning between $65,000 and $116,000 might see a tax cut of around $1,000. But not everyone in this bracket will benefit. The disparity underscores one of the main criticisms of Trump's tax policies: they disproportionately favor the wealthy.
For everyone else, the benefits are smaller; you could sometimes even pay more. Are these tax breaks driving growth or leaving too many Americans behind? Understanding where you fall in this financial reshuffle is crucial.
