9 Things You Need to Know About the Republican Tax Overhaul

By Samuel Smith, Deputy Managing Editor Thursday, December 21, 2017

Copies of tax legislation are seen during a markup on the "Tax Cuts and Jobs Act" on Capitol Hill in Washington,D.C. on December 18, 2017. | (Photo: Reuters / Aaron Bernstein)

7. Most Americans to pay less in taxes next year

As The Washington Post's "The Daily 202" notes, the nonpartisan Tax Policy Center's analysis of the final bill finds that a strong majority of Americans, eight in 10, will pay less in federal taxes next year.

The analysis explains that roughly 80 percent of Americans will pay lower taxes next year with an average rate decrease of about $2,100.

Meanwhile, about 5 percent will face an average tax increase of about $2,800.

For an estimate of the changes to your taxes, see a tax plan calculator here or here.

Follow Samuel Smith on Twitter: @IamSamSmithFollow Samuel Smith on Facebook: SamuelSmithCP

Was this article helpful?

Become a CP Insider.
Help keep The Christian Post free for everyone.

The truth has a cost, and Insiders help carry it.
A dollar from an Insider comes with no strings attached. It keeps our reporters on the story, keeps our journalism open to everyone, and keeps every editorial decision in the newsroom, where it belongs.

Become a CP Insider and choose the amount you want to pay. You can change, pause or cancel anytime. As a thank-you, you’ll get: