It looks like income tax went down by 1.25% and sales tax went up by 1%.
I'm terrible at math, but by my calculations, unless you spend 125% of your income on taxable goods and services, you are saving money.
More complicated than that.
It was:
Standard Deduct $4500
0-12500 - 1.85%
12500-50K - 3.5%
50K and up - 4.25%
No Standard Deduct $12500
Flat 3%
Flat tax always favors the rich. And so does sales tax. Raising the standard deductible favors the poor.
So at a few easy income levels, we can do before and after.
$15080 (Minimum Wage) - Was $195.73, now $77.40 -$118.33
$25000 - Was $511.25, now $375 -$136.25. (Or if you are a teacher -1136.25 because the state is going to cut your supplies and you'll pay for them)
$50000 - Was $1386.25, now $1125 -$261.25
$75000 - Was $2415, now $1875 -$540
$100000 - Was $3477.50, now $2625 -$1602.50
$250000 - Was $9852.50, now $7125 -$2727.50
$500000 - Was $20477.50, now $14625 -$5852.50
How much the sales tax changes things is harder to estimate. It is actually just a 0.55% increase. I'll make some rough grocery estimates. They'll be at least somewhat hamfisted, but just to get a picture.
Minimum Wage - $3000 on groceries increase sales tax $16.50, $500 on clothing increase $2.75 - Total
$25000 - $4000 on groceries increase sales tax $22, $1000 on clothing increase $5.50 - Total $27.50 ($33 if you are a teacher)
$50000 - $6000 on groceries increase sales tax $33, $2000 on clothing increase $11 - Total $44
$75000 - $9000 on groceries increase sales tax $49.50, $3000 on clothing increase $16.50 - Total $66
$100000 - $12000 on groceries increase sales tax $66, $3000 on clothing increase $16.50 - Total $82.50
$250000 - $15000 on groceries increase sales tax $82.50, $6000 on clothing increase $33 - Total $115.50
$500000 - $15000 on groceries increase sales tax $82.50, $6000 on clothing increase $33 - Total $115.50
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That standard deductible increase makes a big impact and probably keeps anyone's taxes from going up, except teachers. But you can certainly see who loves it the most. This is a big revenue cut at the outset. Their sales pitch is that it will attract businesses, which will bring higher paying jobs and create more demand for services and all the boats float up. We'll see. In the mean time, I highly recommend being rich.