--- title: Here's How Donald Trump's Tax Plan Would Affect You description: A few simple questions about how you file your taxes will show how the Republican plan would help or hurt you. canonical: https://time.com/4971497/republican-tax-plan-effects/ author: Chris Wilson article:opinion: false article:content_tier: free article:published_time: 2017-10-09T16:15:39.000Z article:modified_time: 2026-03-30T12:29:08.463Z article:section: Politics og:title: Here's How President Trump's Tax Plan Would Affect You og:description: A few simple questions. og:url: https://time.com/4971497/republican-tax-plan-effects/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production og:image:width: 1200 og:image:height: 675 og:image:alt: TIME og:type: article twitter:card: summary_large_image twitter:title: Here's How President Trump's Tax Plan Would Affect You twitter:description: A few simple questions. twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- # Here's How President Trump's Tax Plan Would Affect You by [Chris Wilson](https://time.com/author/chris-wilson/) and [David Johnson](https://time.com/author/dave-johnson/) Oct 9, 2017 4:15 PM UTC by [Chris Wilson](https://time.com/author/chris-wilson/) and [David Johnson](https://time.com/author/dave-johnson/) Oct 9, 2017 4:15 PM UTC The Trump Administration is moving onto its next big policy fight: [Dramatically reshaping the tax code](http://time.com/4963156/trump-promotes-giant-beautiful-massive-tax-plan/). For now, the White House plan — branded as as the “[Unified Framework For Fixing Our Broken Tax Code](https://www.treasury.gov/press-center/press-releases/Documents/Tax-Framework.pdf)” — is only a loose set of ideas and principles, with many of the specifics still set to be filled in later. In general, the plan would eliminate a number of specific deductions for individual taxpayers in favor encouraging more Americans to take the standard deduction and it would end some taxes that hit the richest individuals the most, according to [an initial analysis by the non-partisan Tax Policy Center](http://www.taxpolicycenter.org/publications/preliminary-analysis-unified-framework). Still, you can get a good sense of how the plan will affect you by answering a few simple questions about how you currently pay your taxes. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/4971497/republican-tax-plan-effects/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4971497/republican-tax-plan-effects/"},"headline":"Here's How President Trump's Tax Plan Would Affect You","datePublished":"2017-10-09T16:15:39.000Z","dateModified":"2026-03-30T12:29:08.463Z","description":"A few simple questions about how you file your taxes will show how the Republican plan would help or hurt you.","url":"https://time.com/4971497/republican-tax-plan-effects/","keywords":["Taxes","Congress","interactive studios"],"thumbnailUrl":"","author":[{"@type":"Person","name":"Chris Wilson","jobTitle":null,"url":"https://time.com/author/chris-wilson/"},{"@type":"Person","name":"David Johnson","jobTitle":null,"url":"https://time.com/author/dave-johnson/"}],"articleSection":"Politics","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/politics/","name":"Politics"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/taxes/","name":"Taxes"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/4971497/republican-tax-plan-effects/","name":"Here's How President Trump's Tax Plan Would Affect You"}}]}] ```