There are significant errors in Ronald Hood’s calculations of tax due by individuals (“How tax plan benefits the wealthy, hurts the middle class,” My View, Dec. 5).
To support his premise, he indicated the tax due on a single filer with income of $60,000 and that of a married couple with $120,000 income would be $12,000 and $24,000, respectively. Under the House bill, whose rate he used, the taxes due would actually be $6,150 and $12,300, respectively.
The difference is because most of those persons’ income is taxed at a 12 percent rate instead of the full 25 percent rate he used.
The single filer would save $2,040 under the House bill while the married couple in his example would pay $151 more in taxes.
Those wishing to estimate their own taxes under the House or Senate bills can Google “Trump tax calculator.”