Instant Alert: Here's how the tax bill will affect people in different jobs, from bakers making $20,000 to surgeons making $250,000

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   Here's how the tax bill will affect people in different jobs, from bakers making $20,000 to surgeons making $250,000 by Áine Cain on Dec 22, 2017, 1:49 PM • US President Donald Trump just signed the GOP's enormous tax overhaul into law. • The plan is expected to boost take-home pay for most Americans — but not by much. • Career site Zippia broke down how the final tax bill could affect take-home pay in 2018 for people in various occupations. It's official. US President Donald Trump just signed Republican's massive tax overhaul into law, Business Insider reported. Congressional Republicans have portrayed the new plan as a wage-boosting, job-creating boon to the middle class, as well as a means of simplifying the tax system. But the reform has earned harsh criticisms from the public and experts.  Business Insider's Lauren Lyons Cole reported that while take-home pay is set to rise under the tax reform plan, most Americans won't see a ton of extra cash in their pockets. But how much you save also depends on how much you currently earn. Career site Zippia provided Business Insider with data breaking down how different occupations fare under the finalized tax plan. The estimated federal tax savings below are for a single, childless taxpayer who owns a house valued at three times their salary. Zippia's calculations factored in whether a given taxpayer would benefit most from taking the standard deduction or itemizing deductions. Following is a look at how people in a number of occupations, from shampooers to financial analysts to surgeons, could see their taxes change next year if the tax plan becomes law. SEE ALSO: Here's what Trump's tax plan means for people at every income level from $20,000 to $269,000 a year Shampooers Average salary: $20,960 Current tax: $1,118 Tax under the Republican plan: $896 Percent tax cut: 19.8% Hotel, motel, and resort desk clerks Average salary: $23,530 Current tax: $1,503 Tax under the Republican plan: $1,193 Percent tax cut: 20.6% Bakers Average salary: $27,110 Current tax: $2,040 Tax under the Republican plan: $1,623 Percent tax cut: 20.5% See the rest of the story at Business Insider   Share the latest business news with your network:    Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011