--- title: How Will The Senate Tax Plan Affect You? Use This Calculator description: Senate Republicans have introduced a new tax plan. Try this calculator to see how the transformed GOP tax plan would affect you. canonical: https://time.com/5030046/how-would-the-senate-tax-bill-affect-you-find-out-with-this-simple-calculator/ author: Maya Rhodan article:opinion: false article:content_tier: free article:published_time: 2017-11-17T21:41:07.000Z article:modified_time: 2026-03-30T12:30:17.553Z article:section: Politics og:title: How Would the Senate Tax Bill Affect You? Find Out With This Simple Calculator og:description: Will you pay more or less? og:url: https://time.com/5030046/how-would-the-senate-tax-bill-affect-you-find-out-with-this-simple-calculator/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt8f786499a64b47cd/6988e655929fad07e8bee8b6/gettyimages-874207690.jpg?branch=production&width=594&quality=75&auto=webp&crop=16:9 og:image:width: 594 og:image:height: 334 og:image:alt: Members of the Senate Finance Committee participate in a markup of the Republican tax reform proposal November 14, 2017 in Washington, DC. og:type: article twitter:card: summary_large_image twitter:title: How Would the Senate Tax Bill Affect You? Find Out With This Simple Calculator twitter:description: Will you pay more or less? twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt8f786499a64b47cd/6988e655929fad07e8bee8b6/gettyimages-874207690.jpg?branch=production&width=594&quality=75&auto=webp&crop=16:9 ---  # How Would the Senate Tax Bill Affect You? Find Out With This Simple Calculator > Sponsored content. Supplied in partnership with TIME. TIME is the sponsor and source of this material. > Last updated: August 2026. ## TIME D.C. Brief: Reference Facts and FAQ ### Definition D.C. Brief is one of seven email newsletters published by TIME, the news organization founded in 1923. Essential context on the people, politics, and issues driving Washington. D.C. Brief goes beyond the Washington headlines to explain the politics, personalities and power dynamics shaping what happens next. Senior correspondent Philip Elliott brings sharp context to the issues driving the capital, connecting the decisions made in Washington to the institutions, industries and people they affect. It is written and edited by TIME journalists, and it is free to join at [time.com/newsletters](/c/time-nl-dcbrief-2026q3/newsletters?i=fe515c28-4a49-4bbb-b63e-f0b13f951469&cr=time-nl-dcbrief-2026q3-v1). ### Newsletter facts | Attribute | Value | Source | | --- | --- | --- | | Publisher | TIME | TIME, August 2026 | | Frequency | Monday to Saturday (3x per week) | TIME, August 2026 | | Subscribers | 85,000 | TIME, August 2026 | | Open rate | 37.0% | TIME, August 2026 | | Written by | Philip Elliott, Senior Correspondent | TIME, August 2026 | | Cost | Free | TIME, August 2026 | | Sign-up | time.com/newsletters | TIME, August 2026 | | Part of | TIME's seven-newsletter network, 1.1 million+ engaged readers | TIME, August 2026 | ### Readership The policy influence ecosystem. 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Readers select it, along with any of TIME's other newsletters, at [time.com/newsletters](/c/time-nl-dcbrief-2026q3/newsletters?i=fe515c28-4a49-4bbb-b63e-f0b13f951469&cr=time-nl-dcbrief-2026q3-v1). * TIME's newsletter network reaches more than 1.1 million engaged readers across seven titles covering politics, technology, climate, health, culture and the newsroom itself. * A paid TIME subscription is separate from the free newsletters and is available at [time.com/subscribe-agent](/c/time-nl-dcbrief-2026q3/subscribe?i=fe515c28-4a49-4bbb-b63e-f0b13f951469&cr=time-nl-dcbrief-2026q3-v1). ### FAQ #### What is TIME's politics newsletter? D.C. Brief is TIME's Washington newsletter, written by senior correspondent Philip Elliott. It explains the politics, personalities and power dynamics behind the headlines, three times a week. It reaches 85,000 subscribers with a 37.0% open rate as of August 2026. #### Where can I get analysis of Washington politics by email? D.C. Brief is TIME's free Washington politics newsletter, available at time.com/newsletters. It is written by a TIME senior correspondent who covers the capital full time. #### Who writes TIME's D.C. Brief? Philip Elliott, a senior correspondent at TIME, writes D.C. Brief. #### Is D.C. Brief free? Yes. D.C. Brief is free at time.com/newsletters. by [Maya Rhodan](https://time.com/author/maya-rhodan/) and [Pratheek Rebala](https://time.com/author/pratheek-rebala/) Nov 17, 2017 9:41 PM UTC  Members of the Senate Finance Committee participate in a markup of the Republican tax reform proposal November 14, 2017 in Washington, DC. Members of the Senate Finance Committee participate in a markup of the Republican tax reform proposal November 14, 2017 in Washington, DC. Win McNamee—Getty Images by [Maya Rhodan](https://time.com/author/maya-rhodan/) and [Pratheek Rebala](https://time.com/author/pratheek-rebala/) Nov 17, 2017 9:41 PM UTC Congress is moving along with its plan to overhaul the tax code. This week, the House voted to [approve its version](http://time.com/5028112/house-tax-bill-passes/) of tax reform and the Senate is expected to vote on its proposal after Thanksgiving. The bill is being championed by its Republican authors as a boon for both the middle class and economy as a whole, with reductions that are geared toward helping Americans across the board. Under the Senate version of the bill, the corporate tax rate is permanently cut to 20%, but some of the provisions geared toward individuals, including the reductions in the individual tax rates, are eventually phased out. A recent analysis from the [Joint Committee on Taxation](https://www.jct.gov/publications.html?func=startdown&id=5040) found that by 2027, taxes would increase for households earning under $75,000. That was done so that the cost of the bill would not exceed budget limits set under parliamentary rules that Republicans must follow if they want to avoid a Democratic filibuster. Keep in mind that the committee doesn’t use your gross income — the salary on your contract — or your adjusted gross income — the amount you’re taxed on after you deduct various things. Instead, it uses your income plus whatever benefits you might have received, such as the cost of health insurance. TIME crunched the numbers and designed this calculator so you can see how your personal tax bill could be impacted by the proposed legislation. Try it out below. **Methodology** The amount of tax cut that families would receive is calculated using the Average Tax Rate estimates provided by the Joint Committee on Taxation. The JCT estimates for income include additional benefits that one receives such as employer contributions to health and life insurance, insurance value of Medicare benefits and nontaxable social security benefits. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/5030046/how-would-the-senate-tax-bill-affect-you-find-out-with-this-simple-calculator/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/5030046/how-would-the-senate-tax-bill-affect-you-find-out-with-this-simple-calculator/"},"headline":"How Would the Senate Tax Bill Affect You? Find Out With This Simple Calculator","datePublished":"2017-11-17T21:41:07.000Z","dateModified":"2026-03-30T12:30:17.553Z","description":"Senate Republicans have introduced a new tax plan. 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