Profile image
By AmmoLand (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

GOP Tax Cuts and Jobs Act: The Impacts on Jobs and Incomes

Thursday, November 9, 2017 10:56
% of readers think this story is Fact. Add your two cents.

Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

Who Pays What in Taxes?GOP Tax Cuts and Jobs Act: The Impacts on Jobs and Incomes

WhiteHouse.gov

Washington, DC – -(Ammoland.com)- The non-partisan Tax Foundation recently released their new analysis of the Tax Cuts and Jobs Act. Their reports show across the board savings and cuts for Americans all across the country.

The Tax Foundation estimates “that the plan would result in the creation of roughly 975,000 new full-time equivalent jobs, while increasing after-tax incomes by 4.4 percent in the long run. The increase in family incomes is the result of both the income tax cuts and the broader rise in productivity and wages due to economic growth. These estimates take into account all aspects of the Tax Cuts and Jobs Act, including changes to the individual and corporate tax codes.”

The top line numbers for the country are the following: United States – 975,000 new jobs with an average income gain of $2,598

“This is great news for the hardworking people of America. The Tax Foundation’s findings come on the heels of the Council of Economic Advisors estimating that our tax plan will boost income for a typical American family by over $4,000. So when the President said our plan would give the American people ‘a big, beautiful present for Christmas,’ he really meant it.” – White House spokeswoman Lindsay Walters

See the state-by-state numbers below:

 Estimated FTE Jobs Added (10-Year Estimate) Estimated Gain in After-Tax Income for Middle-Income Family (10-Year Estimate)
United States 975,000 $2,598
Alabama 13,323 $2,078
Alaska 2,241 $3,332
Arizona 18,234 $2,512
Arkansas 8,277 $2,020
California 111,108 $2,932
Colorado 17,520 $3,105
Connecticut 11,322 $3,341
Delaware 3,053 $2,554
District of Columbia 5,274 $3,123
Florida 56,530 $2,252
Georgia 29,521 $2,355
Hawaii 4,367 $3,174
Idaho 4,695 $2,489
Illinois 40,545 $2,701
Indiana 20,787 $2,468
Iowa 10,589 $2,600
Kansas 9,507 $2,500
Kentucky 12,908 $1,996
Louisiana 13,293 $1,857
Maine 4,162 $2,238
Maryland 18,259 $3,245
Massachusetts 24,015 $3,180
Michigan 29,168 $2,512
Minnesota 19,525 $3,090
Mississippi 7,718 $1,808
Missouri 19,166 $2,421
Montana 3,154 $2,511
Nebraska 6,844 $2,612
Nevada 8,765 $2,439
New Hampshire 4,506 $3,355
New Jersey 27,481 $3,013
New Mexico 5,601 $2,132
New York 63,357 $2,703
North Carolina 29,264 $2,366
North Dakota 2,932 $2,648
Ohio 36,958 $2,375
Oklahoma 11,138 $2,241
Oregon 12,358 $2,602
Pennsylvania 39,673 $2,683
Rhode Island 3,304 $2,707
South Carolina 13,850 $2,391
South Dakota 2,918 $2,528
Tennessee 19,999 $2,259
Texas 81,108 $2,558
Utah 9,625 $2,969
Vermont 2,111 $2,677
Virginia 26,417 $2,924
Washington 21,875 $3,094
West Virginia 5,042 $1,952
Wisconsin 19,718 $2,632
Wyoming 1,893 $2,544

This post GOP Tax Cuts and Jobs Act: The Impacts on Jobs and Incomes appeared first on AmmoLand.com Shooting Sports News .



Source: https://www.ammoland.com/2017/11/gop-tax-cuts-jobs-act-impacts/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.