Capitol Report: How Trump’s ‘greatest tax cut in history’ may impact you, in one simple calculator

It isn’t much more than a scribble on a napkin, but here’s a calculator to estimate what your taxes would be like under President Donald Trump’s plan.

There are, to be fair, huge caveats. The biggest caveats. The Trump administration has released its tax principles, and there was a joint press conference with National Economic Director Gary Cohn and Treasury Sec. Steven Mnuchin. But there’s no formal White House plan, and that’s even before the House and Senate get their hands on it.

With those limitations in mind, MarketWatch took as much as it could from the Trump tax idea, combined it with existing policy on deductions and with a House Republican plan to come up with tax brackets, to produce this calculator.

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