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Across the Country, Americans Will Pay Less in Taxes Thanks to President Trump’s Big Beautiful Bill

Author
Instaread Podcast
Published
Thu 21 Aug 2025
Episode Link
https://podcasters.spotify.com/pod/show/thevishinator4/episodes/Across-the-Country--Americans-Will-Pay-Less-in-Taxes-Thanks-to-President-Trumps-Big-Beautiful-Bill-e375c9s

Summary:The White House compiled reports from news outlets across the country highlighting the tax savings Americans will receive from President Trump's "One Big Beautiful Bill." The article showcases state-by-state and county-by-county analysis of expected tax cuts for 2026, with the average American taxpayer saving $3,752 according to the nonpartisan Tax Foundation.


Key National Statistics:

  • Average tax cut nationwide: $3,752 per taxpayer
  • Nearly 1 million new jobs projected to be created
  • Most significant tax overhaul since the 2017 Tax Cuts and Jobs Act
  • Makes 2017 tax cuts permanent and adds new deductions


State-by-State Highlights:

  • Alaska: Average savings of $3,485
  • Nevada: Average tax cut of $4,220 (Washoe County: $6,313)
  • Florida: Average cut around $5,000 (Miami-Dade: $5,872, Broward: $4,441)
  • Arizona: Average cut of $3,521 (Maricopa County: $4,049)
  • Ohio: Average savings of $3,175
  • Virginia: Richmond residents save nearly $3,500
  • Iowa: Range from $2,311 (Appanoose County) to $4,330 (Dallas County)
  • Georgia: Fulton County residents save $5,666
  • North Carolina: Average cut of $3,264
  • Michigan: Average cut of $3,151


Key Features of the Bill:

  • Deductions for tips and overtime income (up to $12,500/year)
  • Expanded child tax credit and standard deduction
  • No taxes on Social Security for seniors
  • Permanent 20% qualified business income deduction
  • Enhanced employer-provided childcare tax credit
  • 100% deduction for research and experimental expenses

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