Plug in your numbers to find out

The Republican plan to overhaul the tax system was met with inordinate amounts of drama and opposition. But was it necessary?

A Senior Producer for Reason, Maxim Lott, created a tax calculator he claims shows the impact of the GOP tax plan.

By completing 8 fields, users are able to see how their taxes are impacted by the current system, by the Senate version of the bill, and by the House rendition.

Will tax bill help or hurt you? https://t.co/B2tTJQPA7N will tell you! — Maxim Lott (@maximlott) December 2, 2017

Based on his calculator, it appears as though households making $130K per year or less will benefit most.

So far, users are claiming the calculator has helped to demystify a contentious bill and the nasty rhetoric surrounding it.

One important thing I glean from @maximlott's tax calculator is that large numbers of people will be freed from burdensome calculation of deductions. https://t.co/BdnHm77zQF — Iain Murray (@ismurray) December 4, 2017

Many self-employed people are wrongly worried that tax cuts mean no business deductions @eriksherman https://t.co/Gc7NNFMADu via @Inc — Maxim Lott (@maximlott) December 4, 2017

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