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GOBankingRates spoke with accountants about thepotential impacts of Trumps proposed policies on the average American family.
These tax savings could be passed onto the middle class instead of giving large corporations a tax break.
Carrozza suggested a more nuanced approach.
Trump should consider offering reduced corporate tax rates based on the size of the entity instead.
Many Americans rely on cheap imports to reduce their cost of living pressures.
Overall, they could be much better off provided the taxpayer is not a big consumer of imported goods.
Limited Deductions for Salaried Workers
Trumps tax policies might affect different types of earners.
This could also put a strain on services for many Americans.
This increase in the national debt could lead tolong-term economic consequencesthat will be felt by middle-class taxpayers.
The Final Word
Trumps tax policies for middle-class taxpayers remains a subject of debate and conjecture.
The changes might end up making everyday life more expensive for middle-class families in the long run.
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