Trump Wants To Eliminate Income Taxes: Here’s How Much the Average Millennial Would Take Home Annually

Average Salary of $50,000: Savings of approximately $7,500 to $10,000 annually (based on typical federal income tax rates).

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Average Salary of $75,000: Savings of approximately $12,000 to $15,000 annually.

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Average Salary of $100,000: Savings of approximately $20,000 to $25,000 annually.

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Average Salary of $125,000: Savings of approximately $27,000 to $33,000 annually.

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Average Salary of $150,000: Savings of approximately $35,000 to $40,000 annually.

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Average Salary of $200,000: Savings of approximately $50,000 to $60,000 annually.

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Average Salary of $250,000: Savings of approximately $70,000 to $85,000 annually.

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Average Salary of $300,000: Savings of approximately $90,000 to $110,000 annually.

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