Republican Tax Overhaul Not So Evil? Helps Poor People? WHAT?

Looking at social media and the national news, you would think President Trump’s tax cuts are going to raise taxes on the poor. But do they?

Business Insider reviewed the recently approved and signed tax bill, and applied the changes to people’s annual salaries between $20,000 and $269,000 a year.

The critics of the bill appear to be crying wolf.

Business Insider's Lauren Lyons Cole broke it down by annual incomes and labeled them by the prevalent salary types. Her work can be found online with the headline “Here’s what Trump’s tax plan means for people at every income level from $20,000 to $269,000 a year.”

Here are a few of the changes under the plan:

FAST FOOD WORKERS

Average Salary: $20,570 ($9.85 an hour)

Current Tax: $1,059

Tax Under Plan: $857

Percent Tax Cut: 19.1%

CASHIERS

Average Salary: $21,680

Current Tax: $1,226

Tax Under Plan: $971

Percent Tax Cut: 20.8%

WAITERS and WAITRESSES

Average Salary: $24,410

Current Tax: $1,635

Tax Under Plan: $1,299

Percent Tax Cut: $20.6%

BARTENDERS

Average Salary: $25,580

Current Tax: $1,811

Tax Under Plan: $1,439

Percent Tax Cut: 20.5%

BUTCHERS

Average Salary: $31,740

Current Tax: $2,735

Tax Under Plan: $2,178

Percent Tax Cut: 20.3%

TRAVEL AGENTS

Average Salary: $39,900

Current Tax: $3,895

Tax Under Plan: $3,158

Percent Tax Cut: 18.9%

Check out the Business Insider story to see more salaries and how they are going to be impacted.