Results of Jeb Bush’s Tax Plan on Three Real-Life Taxpayers

September 16, 2015 : H&R Block

Analysis from The Tax Institute at H&R Block shows two of three taxpayer scenarios see a tax savings under presidential candidate Jeb Bush’s tax reform plan. In these scenarios, both a middle-income family of four and a lower-income family of four have a lowered tax liability compared to the current tax code, while a single middle-income filer would pay more in taxes.

In addition to the three scenarios, The Tax Institute’s analysis of Bush’s tax plan includes an explanation of how the new tax brackets, itemized deductions and credits could affect taxpayers differently depending on their income.

As the presidential campaign progresses and additional tax reform plans are made available, The Tax Institute will analyze the impact using real-life scenarios to determine the potential effects of candidates’ plans on taxpayers of varying income levels, filing status, and family makeup.

Sign Up For The Newsroom Digest

Related Resources

How an ITIN can help visa holders and their families

Filing a tax return is not a choice, it is an obligation for all who meet U.S. tax filing requirements.

Tax reform impacts everybody differently. Here’s how it affects you.

There are many variables in the tax reform law that make it difficult for taxpayers to know how everything will come out in the end. Use our tax reform calculator to find out how it affects you.

H&R Block helps feds fight stolen identity refund fraud

Online criminals steal billions of dollars from the U.S. Treasury every year by filing fraudulent returns and committing fraud

H&R Block analysis: virtually all taxpayers affected by tax reform

The new tax bracket and tax rate structure will impact most taxpayers. Homeowners, high-tax state residents and families face most significant changes

H&R Block

H&R Block

Connect with us