6 days ago ... Tom Wong: Single teacher with median earnings of $50,000 per year. Under the  current tax code, Tom pays $5,474 each year in federal income taxes. His tax bill  would decline by $914, or 17 percent, (to $4,560) under the House's plan and by  $1,104, or 20 percent, (to $4,370) under the Senate's plan.
Nov 30, 2016 ... To accomplish his goal his plan creates a zero income tax rate on singles  earning less than $25,000 and couples earning less than $50,000. This plan is  great for middle income taxpayers, none more so than seniors who would enjoy  significant relief from the taxation of their Social Security benefits.
Sep 29, 2015 ... But many of those families already pay no federal taxes. Roughly 45% of  American households will not owe any federal income taxes this year under the  existing tax code, according to Tax Policy Center estimates. Trump said his plan  will ensure a slightly larger share -- more than 50% of households -- pay ...
Nov 13, 2016 ... President-elect Donald Trump's website says working- and middle-class  taxpayers would see the biggest tax cuts, in percentage terms, under his plan. A  married couple earning $50,000 per year with two children and $8,000 in child  care expenses would see a 35 percent cut. A married couple earning ...
Oct 19, 2016 ... Under Trump plan: Average tax cut of $110, or 0.8%. Trump has proposed  increasing the standard deduction to $30,000 for joint filers, up from $12,600,  effectively eliminating income taxes for anyone earning less than that amount. ( The new threshold for singles will be $15,000.) His campaign literature ...
Says that under his tax plan, seniors making less than $50,000 per year won't pay any income taxes.