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Tax cuts and Ohio take-home pay

Monday, October 29, 2018 14:27

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image credit: walorski.house.gov

The Daily Signal website has a report on the real dollars-and-cents impact of the Trump tax cuts. It also has an interactive map, so you can select Ohio and find how much the tax cuts benefit taxpayers in your district.

The Tax Cuts and Jobs Act has been one of the strongest and boldest reforms of President Donald Trump’s first term in office. According to analysis from The Heritage Foundation, the tax law will give hardworking Americans tax breaks in every congressional district and in every state.

Across the nation at large, the average American will take home on average $1,400 more of their paycheck in 2018. For married couples with two children, that figure doubles to just under $3,000.

>>> You can find the average tax cut in your district here[interactive map].

While higher-taxed districts will see more in dollar savings as a result of the tax cuts, they are certainly not the only winners from the Trump tax cuts. In fact, lower-income districts will feel more relief in their tax burden, as they will see a higher percentage of their taxes cut than Americans in higher-income areas.

Taxpayers in the 11^th District (represented by Marcia Fudge) saw approx. $898 more in annual take-home pay.

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Source: http://clevelandteapartypatriots.blogspot.com/2018/10/tax-cuts-and-ohio-take-home-pay.html

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