Some Back Of The Envelope Tax Reform Math & It’s Implications…

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We took the first stab at analyzing the impact of the proposed changes to our tax structure when the House Republicans unveiled their version of the plan here. Now that we have the final bill ready and signed into law by the President, the table below is a summary of what it would look like for us in the Bay Area along with comparing that to some fortunate souls based out of Denver.

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A quick note, this does not factor in the impact of AMT which is likely not going to be an issue for most of us come filing taxes for the 2018 tax year so even though your taxes might appear to be going up, the negation of AMT will wash that out.

Image credit – Pixabay