Martin H. Simon – Pool/Getty ImagesHow will the tax bill affect you?
• US President Donald Trump just signed the GOP’s enormous tax overhaul into law.
• The plan is expected to boost take-home pay for most Americans – but not by much.
• Career site Zippia broke down how the final tax bill could affect take-home pay in 2018 for people in various occupations.
It’s official. US President Donald Trump just signed Republican’s massive tax overhaul into law, Business Insider reported.
Congressional Republicans have portrayed the new plan as a wage-boosting, job-creating boon to the middle class, as well as a means of simplifying the tax system. But the reform has earned harsh criticisms from the public and experts.
Business Insider’s Lauren Lyons Cole reported that while take-home pay is set to rise under the tax reform plan, most Americans won’t see a ton of extra cash in their pockets. But how much you save also depends on how much you currently earn.
Career site Zippia provided Business Insider with data breaking down how different occupations fare under the finalised tax plan. The estimated federal tax savings below are for a single, childless taxpayer who owns a house valued at three times their salary. Zippia’s calculations factored in whether a given taxpayer would benefit most from taking the standard deduction or itemizing deductions.
Following is a look at how people in a number of occupations, from shampooers to financial analysts to surgeons, could see their taxes change next year if the tax plan becomes law.
Shampooers
Average salary: $US20,960
Current tax: $US1,118
Tax under the Republican plan: $US896
Per cent tax cut: 19.8%
Hotel, motel, and resort desk clerks
Average salary: $US23,530
Current tax: $US1,503
Tax under the Republican plan: $US1,193
Per cent tax cut: 20.6%
Bakers
Caroline Cakebread/Business InsiderAverage salary: $US27,110
Current tax: $US2,040
Tax under the Republican plan: $US1,623
Per cent tax cut: 20.5%
Crossing guards
Average salary: $US29,190
Current tax: $US2,352
Tax under the Republican plan: $US1,872
Per cent tax cut: 20.4%
Security guards
Chip Somodevilla/Getty ImagesAverage salary: $US29,730
Current tax: $US2,433
Tax under the Republican plan: $US1,937
Per cent tax cut: 20.4%
Painting, coating, and decorating workers
Average salary: $US32,040
Current tax: $US2,780
Tax under the Republican plan: $US2,214
Per cent tax cut: 20.3%
Craft artists
Sean Gallup / Getty ImagesAverage salary: $US38,900
Current tax: $US3,771
Tax under the Republican plan: $US3,038
Per cent tax cut: 19.4%
Highway maintenance workers
Average salary: $US39,540
Current tax: $US3,850
Tax under the Republican plan: $US3,114
Per cent tax cut: 19.1%
Automotive service technicians and mechanics
Justin Sullivan / Getty ImagesAverage salary: $US41,400
Current tax: $US4,081
Tax under the Republican plan: $US3,338
Per cent tax cut: 18.2%
Roofers
Chip Somodevilla / Getty ImagesAverage salary: $US42,080
Current tax: $US4,166
Tax under the Republican plan: $US3,419
Per cent tax cut: 17.9%
Photographers
Average salary: $US42,640
Current tax: $US4,235
Tax under the Republican plan: $US3,486
Per cent tax cut: 17.7%
Bailiffs
Pool/Getty ImagesAverage salary: $US20,570
Current tax: $US1,059
Tax under the Republican plan: $US857
Per cent tax cut: 19.1%
Child, family, and school social workers
David Ramos/Getty ImagesAverage salary: $US47,510
Current tax: $US4,840
Tax under the Republican plan: $US4,071
Per cent tax cut: 15.9%
Athletic trainers
Otto Greule Jr / Stringer / Getty ImagesAverage salary: $US47,880
Current tax: $US4,886
Tax under the Republican plan: $US4,115
Per cent tax cut: 15.8%
Radio and television announcers
Average salary: $US48,170
Current tax: $US4,922
Tax under the Republican plan: $US4,150
Per cent tax cut: 15.7%
Clergy
Christopher Furlong/Getty ImagesAverage salary: $US49,450
Current tax: $US5,081
Tax under the Republican plan: $US4,304
Per cent tax cut: 15.3%
Interpreters and translators
Average salary: $US51,260
Current tax: $US5,358
Tax under the Republican plan: $US4,577
Per cent tax cut: 14.6%
Flight attendants
Average salary: $US51,620
Current tax: $US5,432
Tax under the Republican plan: $US4,656
Per cent tax cut: 14.3%
Graphic designers
ImYanis/ShutterstockAverage salary: $US52,290
Current tax: $US5,570
Tax under the Republican plan: $US4,803
Per cent tax cut: 13.8%
Brickmasons and block masons
Dmitry Kalinovsky/ShutterstockAverage salary: $US53,440
Current tax: $US5,806
Tax under the Republican plan: $US5,056
Per cent tax cut: 12.9%
Morticians, undertakers, and funeral directors
Average salary: $US54,700
Current tax: $US6,065
Tax under the Republican plan: $US5,334
Per cent tax cut: 12.1%
Structural iron and steel workers
Kevin Frayer/Getty ImagesAverage salary: $US56,040
Current tax: $US6,340
Tax under the Republican plan: $US5,628
Per cent tax cut: 11.2%
Curators
Average salary: $US58,910
Current tax: $US6,929
Tax under the Republican plan: $US6,260
Per cent tax cut: 9.7%
Elementary school teachers — except special education
Thomas Lohnes / Getty ImagesAverage salary: $US59,020
Current tax: $US6,951
Tax under the Republican plan: $US6,284
Per cent tax cut: 9.6%
Locomotive engineers
Sean Gallup/GettyAverage salary: $US61,020
Current tax: $US7,362
Tax under the Republican plan: $US6,724
Per cent tax cut: 8.7%
Police and sheriff’s patrol officers
Average salary: $US62,760
Current tax: $US7,719
Tax under the Republican plan: $US7,107
Per cent tax cut: 7.9%
Editors
Average salary: $US66,080
Current tax: $US8,400
Tax under the Republican plan: $US7,837
Per cent tax cut: 6.7%
Dental hygienists
Master Video/ShutterstockAverage salary: $US73,440
Current tax: $US9,905
Tax under the Republican plan: $US9,296
Per cent tax cut: 6.1%
Fashion designers
Jeff J Mitchell/Getty ImagesAverage salary: $US76,480
Current tax: $US10,521
Tax under the Republican plan: $US9,838
Per cent tax cut: 6.5%
Nuclear technicians
Average salary: $US77,820
Current tax: $US10,792
Tax under the Republican plan: $US10,077
Per cent tax cut: 6.6%
Athletes and sports competitors
sportpoint/ShutterstockAverage salary: $US83,730
Current tax: $US11,976
Tax under the Republican plan: $US11,119
Per cent tax cut: 7.2%
Statisticians
Naresuan261/ShutterstockAverage salary: $US85,160
Current tax: $US12,258
Tax under the Republican plan: $US11,368
Per cent tax cut: 7.3%
Industrial engineers
Average salary: $US88,530
Current tax: $US12,924
Tax under the Republican plan: $US11,954
Per cent tax cut: 7.5%
Computer systems analysts
Average salary: $US91,620
Current tax: $US13,534
Tax under the Republican plan: $US12,491
Per cent tax cut: 7.7%
Financial analysts
Spencer Platt / Getty ImagesAverage salary: $US97,640
Current tax: $US14,724
Tax under the Republican plan: $US13,537
Per cent tax cut: 8.1%
Physician assistants
Average salary: $US102,090
Current tax: $US15,603
Tax under the Republican plan: $US14,333
Per cent tax cut: 8.1%
Chemical engineers
Average salary: $US105,420
Current tax: $US16,261
Tax under the Republican plan: $US15,065
Per cent tax cut: 7.4%
Economists
Average salary: $US112,860
Current tax: $US17,731
Tax under the Republican plan: $US16,701
Per cent tax cut: 5.8%
Air traffic controllers
Average salary: $US118,200
Current tax: $US18,794
Tax under the Republican plan: $US17,875
Per cent tax cut: 4.9%
Physicists
Average salary: $US121,770
Current tax: $US19,584
Tax under the Republican plan: $US18,659
Per cent tax cut: 4.7%
Public relations and fundraising managers
Average salary: $US123,360
Current tax: $US19,936
Tax under the Republican plan: $US19,009
Per cent tax cut: 4.7%
Postsecondary law teachers
Average salary: $US134,530
Current tax: $US22,408
Tax under the Republican plan: $US21,465
Per cent tax cut: 4.2%
Financial managers
Average salary: $US139,720
Current tax: $US23,556
Tax under the Republican plan: $US22,606
Per cent tax cut: 4.0%
Architectural and engineering managers
Average salary: $US143,870
Current tax: $US24,474
Tax under the Republican plan: $US23,518
Per cent tax cut: 3.9%
Computer and information systems managers
Average salary: $US145,740
Current tax: $US24,888
Tax under the Republican plan: $US23,929
Per cent tax cut: 3.9%
Petroleum engineers
Average salary: $US147,030
Current tax: $US25,174
Tax under the Republican plan: $US24,213
Per cent tax cut: 3.8%
Prosthodontists
Average salary: $US168,140
Current tax: $US29,804
Tax under the Republican plan: $US28,853
Per cent tax cut: 3.2%
Orthodontists
Average salary: $US228,780
Current tax: $US43,078
Tax under the Republican plan: $US45,549
Per cent tax cut: -5.7%
Obstetricians and gynecologists
Average salary: $US234,310
Current tax: $US44,289
Tax under the Republican plan: $US47,309
Per cent tax cut: -6.8%
Surgeons
Christopher Furlong/Getty ImagesAverage salary: $US252,910
Current tax: $US48,667
Tax under the Republican plan: $US53,272
Per cent tax cut: -9.5%
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