4 ms·
President Trump: What Does It Mean for Your Tax Bill?
- crsmith 10y agoIf you're an independent contractor, you'll pay a 15% rate on your income. 15%. Also: "those earning less than $48,400 will experience an annual tax cut of less than $400, while those earning in excess of $700,000 will walk away with an average of an extra $215,000 per year." (That's probably assuming the 700k is from business interests, not salary)