How Much Tax Would You Pay Under Trump and Clinton? Use Our Calculator.
The presidential election is a mere two weeks away, and most voters have retreated to their respective Trumpian or Clintonian corners.
But there are more than a few undecided voters out there who need just a bit more time, and information, to make up their minds. One of the ways voters figure out which candidate is best for them is to consider their own wallet. Trump and Clinton are offering vastly different visions for a new American tax regime, with Trump radically cutting taxes—especially for the wealthy—and Clinton offering to keep the tax code as is, except for hefty tax increases on the wealthy.
Trump is also looking to cut taxes for middle class workers, particularly for those at the bottom of the income scale. Clinton largely keeps the tax code the same for everyone but the richest taxpayers—she would institute a new tax bracket that levies a 43.6% tax on all marginal income earned above $5 million.
And it’s these incomes at the very top where Donald Trump would offer the most tax relief. A single filer with no dependents who earns $10 million, for instance, would get $632,500 tax cut, while paying $203,228 under Clinton’s plan. Overall, Trump offers much more tax relief than Clinton, though projected deficits under Trump are far higher.
Check out how much you would pay below.