{"id":18790,"date":"2017-01-06T00:00:00","date_gmt":"2017-01-06T00:00:00","guid":{"rendered":"https:\/\/getirshelp.com\/blog\/trump-tax-plan\/"},"modified":"2026-07-27T15:18:38","modified_gmt":"2026-07-27T15:18:38","slug":"trump-tax-plan","status":"publish","type":"post","link":"https:\/\/getirshelp.com\/blog\/trump-tax-plan\/","title":{"rendered":"Trump Tax Plan – A Tax Attorney Fact Check Report"},"content":{"rendered":"

IRS problems aren't as complicated as they look once you see the structure. I'm attorney Darrin Mish. I've represented taxpayers before the IRS for three decades \u2014 in Florida, Colorado, Texas, and internationally. Here's the plain-English breakdown.<\/p>\n

President Trump and Your Taxes \u2013 What to Expect<\/h1>\n

We are about to have\u00a0a new President here in the United States. That much we know. But a lot of people are wondering how the Trump Tax Plan<\/a>\u00a0will affect their taxes. \u00a0Click here to read or watch more IRS Help resources.<\/a><\/p>\n

Click here for even more tax relief help information.<\/a><\/p>\n

\"TrumpAs a tax attorney with 17 years experience, I have some insight<\/a> into what we can expect as taxpayers. \u00a0Click here to watch or read more information on IRS Back Taxes.<\/a><\/p>\n

There are several tax relief goals President Elect Trump has his eyes set on. He feels they will put more after-tax wages\u00a0in the pockets of everyday\u00a0Americans if successful.<\/p>\n

As a tax attorney<\/a>, I prosper more whenever complex tax codes are in place. Trump wants to simplify them and I’m one hundred percent on board with him there.<\/p>\n

The current tax system is too difficult to navigate for the average individual.<\/p>\n

Though I am more than a little skeptical the Trump Tax Plan will bring jobs back to America at the levels we need them to.<\/p>\n

The Trump Tax Plan Will Stop Corporate Inversions<\/h2>\n

Trump expect’s his tax plan to grow the American economy by discouraging corporate inversions.<\/p>\n

An inversion is the act of moving a corporation to another location to take advantage of lower tax rates.<\/p>\n

It’s something that has been going on for a long time now.<\/p>\n

\"TrumpMoney remains offshore because of corporate inversion. If this money comes back into the country, it gets taxed at one of the highest corporate tax rates in the world at present.<\/p>\n

This makes no sense, whatsoever, to me and a lot of other smart people in our country feel the same way.<\/p>\n

More American jobs will be saved. This will\u00a0enable our country to regain some of our\u00a0competitive edge in the world market.<\/p>\n

So I believe the Trump Tax Plan will save American jobs if inversions are dealt with.<\/p>\n

Trump States His\u00a0Tax Plan Will Decrease The Taxes Of The Average Everyday Americans — But How?<\/h2>\n

Anyone earning less than $25,000 a year, and is single, their taxes will be lowered under the Trump Tax Plan.<\/p>\n

Anyone married, or filing joint returns and making less than $50,000, may not have to pay taxes at all\u2014and that\u2019s a huge benefit.<\/p>\n

It\u2019s a huge move and may remove 75 million people from the tax rolls.<\/strong><\/p>\n

This likely includes a large number of inner city and poorer suburban families.<\/p>\n

No doubt, there are a lot\u00a0of families getting by on $50,000 or less. The median income may be around $50,000, which represents half the people in the country.<\/p>\n

So the Trump Plan, if enabled as proposed, will put more money in the pockets of average Americans.<\/p>\n

How Will Trump Tax Plan Affect Earned Income Tax Credit Recipients — It’s Safe For Now<\/h2>\n

As it stands, there\u2019s a lot of households that don\u2019t pay any income tax at all.<\/p>\n

These people also get an Earned Income Tax Credit. So, they earn so little money they avoid paying taxes. \u00a0But they\u2019re able to get a refund from the IRS for taxes\u00a0they\u2019ve never paid.<\/p>\n

Some people get between $1,000 and $3,000. Which cost taxpayers a huge amount of money to dole out every year.<\/p>\n

Thie \u00a0Earned Income Tax Credit\u00a0began under President Reagan, but has gotten out of hand since.<\/p>\n

While Trump hasn\u2019t stated that he\u2019ll abolish this benefit, it might be on the chopping block down the road.<\/p>\n

You can bet it won\u2019t be popular in areas where people are struggling to make ends meet, though.<\/p>\n

But, as of now, your Earned Income Tax Credit is safe.<\/p>\n

Reducing the Number of Tax Brackets<\/h2>\n

President Trump will work to reduce the number of tax brackets. Currently, there are seven. He wants to reduce the number down to four.<\/p>\n

So, the tax brackets will be:<\/p>\n