Article Posted on 10/12/2018
The Tax Foundation has a new tool to allow you to see how the new tax bill impact you and your neighbors. Simply click on “Launch Now” and it will take you to a second screen. Click down a little to see the map. Above the map are two blocks. One “Choose AGI Range and the second is “Chose a State.” You can play with these.
For example if I choose my state of Nebraska and an AGI range of $50 to $75k I can then choose one of the three Nebraska Congressional districts. I live in district three so I can see that the ave. tax cut is $1,414 and some other information. What if I lived in California? Then the cut is a little less $1,337.
Let’s take the same two states but change the income to $200k. Now Nebraska savings is $23,296 and California is $21,302.
Of course everybody’s situation is different but this is what the economists are looking at as they attempt to set policy.