#TrumpTaxCuts Donald Trump's tax cut proposal suggests eliminating income taxes for individuals earning under $150,000 annually. This move could impact over 76% of Americans, relieving them of federal income tax obligations. Here's a breakdown¹:
- *Tax-Free Threshold*: $150,000 annual income
- *Affected Population*: Over 76% of Americans, approximately 90% by some estimates
- *Average Income by Age Group*:
- *25-34 years*: $85,780
- *35-44 years*: $101,300
- *45-54 years*: $110,700
- *55-64 years*: $90,640
- *65 and older*: $54,710
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