What does the GOP tax overhaul mean for you?

The Republican plan to overhaul the tax system was met with inordinate amounts of drama and opposition. But was it necessary?

A Senior Producer for Reason, Maxim Lott, created a tax calculator he claims shows the impact of the GOP tax plan.

By completing 8 fields, users are able to see how their taxes are impacted by the current system, by the Senate version of the bill, and by the House rendition.

Based on his calculator, it appears as though households making $130K per year or less will benefit most.

So far, users are claiming the calculator has helped to demystify a contentious bill and the nasty rhetoric surrounding it.

Follow Kemberlee on Twitter @kemberleekaye

Tags: Taxes

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