• The GOP has reached an agreement on their enormous tax overhaul.
• Congress is expected to pass the new plan, as early as this week.
• Career site Zippia broke down how the final tax bill could affect take-home pay in 2018 for people in various occupations.
Republican leaders released their final version of the tax bill on Friday, December 15.
Congressional Republicans are touting 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 tax reform efforts have earned harsh criticisms from the public and experts. The conservative Tax Foundation found Republicans also overpromised on how much the bill would boost the economy, according to Business Insider.
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’s David Luther 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 fast-food cooks to pilots to anesthesiologists, could see their taxes change next year if the tax plan becomes law.
Fast-food cooks
Average salary: $20,570
Current tax: $1,059
Tax under the Republican plan: $857
Percent tax cut: 19.1%
Cashiers
Average salary: $21,680
Current tax: $1,226
Tax under the Republican plan: $971
Percent tax cut: 20.8%
Waiters and waitresses
Average salary: $24,410
Current tax: $1,635
Tax under the Republican plan: $1,299
Percent tax cut: 20.6%
Bartenders
Average salary: $25,580
Current tax: $1,811
Tax under the Republican plan: $1,439
Percent tax cut: 20.5%
Taxi drivers and chauffeurs
Average salary: $26,790
Current tax: $1,992
Tax under the Republican plan: $1,584
Percent tax cut: 20.5%
Barbers
Average salary: $29,900
Current tax: $2,459
Tax under the Republican plan: $1,958
Percent tax cut: 20.4%
Butchers and meat cutters
Average salary: $31,740
Current tax: $2,735
Tax under the Republican plan: $2,178
Percent tax cut: 20.3%
Animal trainers
Average salary: $34,580
Current tax: $3,161
Tax under the Republican plan: $2,519
Percent tax cut: 20.3%
Models
Average salary: $36,560
Current tax: $3,458
Tax under the Republican plan: $2,757
Percent tax cut: 20.3%
Construction laborers
Average salary: $37,890
Current tax: $3,645
Tax under the Republican plan: $2,916
Percent tax cut: 20.0%
Travel agents
Average salary: $39,900
Current tax: $3,895
Tax under the Republican plan: $3,158
Percent tax cut: 18.9%
Massage therapists
Average salary: $44,480
Current tax: $4,646
Tax under the Republican plan: $3,707
Percent tax cut: 17.0%%
Chefs and head cooks
Average salary: $47,390
Current tax: $4,825
Tax under the Republican plan: $4,056
Percent tax cut: 15.9%
Reporters and correspondents
Average salary: $49,770
Current tax: $5,121
Tax under the Republican plan: $4,342
Percent tax cut: 15.2%
Firefighters
Average salary: $50,520
Current tax: $5,214
Tax under the Republican plan: $4,432
Percent tax cut: 15.0%
Paralegals and legal assistants
Average salary: $53,180
Current tax: $5,753
Tax under the Republican plan: $4,999
Percent tax cut: 13.1%
Commercial divers
Average salary: $53,990
Current tax: $5,919
Tax under the Republican plan: $5,177
Percent tax cut: 12.5%
Electricians
Average salary: $56,650
Current tax: $6,465
Tax under the Republican plan: $5,763
Percent tax cut: 10.9%
Librarians
Average salary: $59,870
Current tax: $7,126
Tax under the Republican plan: $6,471
Percent tax cut: 9.2%
Zoologists and wildlife biologists
Average salary: $64,890
Current tax: $8,156
Tax under the Republican plan: $7,575
Percent tax cut: 7.1%
Human-resources specialists
Average salary: $64,890
Current tax: $8,156
Tax under the Republican plan: $7,575
Percent tax cut: 7.1%
Public-relations specialists
Average salary: $66,540
Current tax: $8,495
Tax under the Republican plan: $7,938
Percent tax cut: 6.6%
Insurance sales agents
Average salary: $67,760
Current tax: $8,745
Tax under the Republican plan: $8,207
Percent tax cut: 6.2%
Dental hygienists
Average salary: $73,440
Current tax: $9,905
Tax under the Republican plan: $9,296
Percent tax cut: 6.1%
Accountants and auditors
Average salary: $76,730
Current tax: $10,571
Tax under the Republican plan: $9,883
Percent tax cut: 6.5%
Real-estate brokers
Average salary: $79,340
Current tax: $11,100
Tax under the Republican plan: $10,348
Percent tax cut: 6.8%
Detectives and criminal investigators
Average salary: $81,490
Current tax: $11,533
Tax under the Republican plan: $10,730
Percent tax cut: 7.0%
Computer programmers
Average salary: $85,180
Current tax: $12,262
Tax under the Republican plan: $11,371
Percent tax cut: 7.3%
Physical therapists
Average salary: $87,220
Current tax: $12,665
Tax under the Republican plan: $11,726
Percent tax cut: 7.4%
Civil engineers
Average salary: $89,730
Current tax: $13,161
Tax under the Republican plan: $12,162
Percent tax cut: 7.6%
Computer-systems analysts
Average salary: $91,620
Current tax: $13,534
Tax under the Republican plan: $12,491
Percent tax cut: 7.7%
Electrical engineers
Average salary: $98,620
Current tax: $14,917
Tax under the Republican plan: $13,708
Percent tax cut: 8.1%
Veterinarians
Average salary: $100,560
Current tax: $15,301
Tax under the Republican plan: $14,045
Percent tax cut: 8.2%
Securities, commodities, and financial-services sales agents
Average salary: $102,260
Current tax: $15,637
Tax under the Republican plan: $14,370
Percent tax cut: 8.1%
Nurse practitioners
Average salary: $104,610
Current tax: $16,101
Tax under the Republican plan: $14,887
Percent tax cut: 7.5%
Mathematicians
Average salary: $105,600
Current tax: $16,296
Tax under the Republican plan: $15,105
Percent tax cut: 7.3%
Sales engineers
Average salary: $108,880
Current tax: $16,944
Tax under the Republican plan: $15,826
Percent tax cut: 6.6%
Aerospace engineers
Average salary: $112,010
Current tax: $17,563
Tax under the Republican plan: $16,514
Percent tax cut: 6.0%
Actuaries
Average salary: $114,120
Current tax: $17,980
Tax under the Republican plan: $16,978
Percent tax cut: 5.6%
Computer and information research scientists
Average salary: $116,320
Current tax: $18,414
Tax under the Republican plan: $17,461
Percent tax cut: 5.2%
Pharmacists
Average salary: $120,270
Current tax: $19,252
Tax under the Republican plan: $18,330
Percent tax cut: 4.8%
Personal-financial advisers
Average salary: $123,100
Current tax: $19,879
Tax under the Republican plan: $18,952
Percent tax cut: 4.7%
Lawyers
Average salary: $139,880
Current tax: $23,591
Tax under the Republican plan: $22,641
Percent tax cut: 4.0%
Marketing managers
Average salary: $144,140
Current tax: $24,534
Tax under the Republican plan: $23,577
Percent tax cut: 3.9%
Airline pilots, copilots, and flight engineers
Average salary: $152,770
Current tax: $26,439
Tax under the Republican plan: $25,474
Percent tax cut: 3.6%
Dentists
Average salary: $173,860
Current tax: $31,056
Tax under the Republican plan: $30,111
Percent tax cut: 3.0%
Chief executives
Average salary: $194,350
Current tax: $35,541
Tax under the Republican plan: $35,457
Percent tax cut: 0.2%
Family and general practitioners
Average salary: $200,810
Current tax: $36,956
Tax under the Republican plan: $37,351
Percent tax cut: -1.1%
Orthodontists
Average salary: $228,780
Current tax: $43,078
Tax under the Republican plan: $45,549
Percent tax cut: -5.7%
Anesthesiologists
Average salary: $269,600
Current tax: $52,973
Tax under the Republican plan: $58,623
Percent tax cut: -10.7%