Assuming your paycheck is unaffected by the changes? If you live in a low/no state income tax area, your after tax income will go up. If you live in a higher state income tax area, your after tax income will go down.
Your paycheck may get a little bigger because positive macroeconomic effects are expected. The Joint Committee on Taxation expects GDP to go up 0.8%, capital available for production to raise about 1.1% and employment to go up 0.6%. It's unclear how that will affect a single worker.
If you have money in the stock market, you'll probably get more money. The lower corporate income tax probably means that dividends and stock buy-backs will grow, which is also good for many tech workers. So that may help you.
If your employer makes a profit, their profit after taxes will go up. That would help you if you have a profit sharing or stock compensation deal.
The end of the individual mandate means you'll live in a country where many fewer people will have health insurance, which will mean you're living around sicker people. That will almost certainly hurt you, even if those people aren't your friends and family.
I tried to make it clear that this isn’t guaranteed, but there is good evidence that GDP will go up, and high earners (as OP asked, people making $250k/year, which is 98th percentile) often see wage growth under those conditions. Low and middle earners often not so much.
It's baffling until you consider the effect of culture wars, or 'wedge issues.'
Economics is complex, I mean look at this thread alone on HN (and we're well above the average in education and intelligence). Abortion, religion, and other controversial topics, however, are far simpler to understand. The Republicans know how to get votes through that mechanism of holding tight to certain ideological components of their traditional voter base.
Another large part of the base are 'small government' types, less interested in economic problems and more interested in individual freedom.
That's not true, ACA is still in force and everybody will continue to have access to insurance, no rejection for preexisting conditions, people can still be under their parents' health insurance well into their 20s, etc. The only change is now you won't get shaken down when you file your taxes for not having health insurance, which to me is a great thing, especially for members of a site like Startup^H^H^H^H^H^H^H Hacker News.
That's still better than punishing people for not shelling out to private health insurance companies. If the goal is to give everybody access, we need single payer, the current state of affairs is corrupt to the core.
I don’t follow your logic. You want universal healthcare via a single payer solution (a political fantasy in the US for the foreseeable future) but until then you would prefer that millions more go without basic healthcare and that those who do buy it pay more for it?
Your paycheck may get a little bigger because positive macroeconomic effects are expected. The Joint Committee on Taxation expects GDP to go up 0.8%, capital available for production to raise about 1.1% and employment to go up 0.6%. It's unclear how that will affect a single worker.
If you have money in the stock market, you'll probably get more money. The lower corporate income tax probably means that dividends and stock buy-backs will grow, which is also good for many tech workers. So that may help you.
If your employer makes a profit, their profit after taxes will go up. That would help you if you have a profit sharing or stock compensation deal.
The end of the individual mandate means you'll live in a country where many fewer people will have health insurance, which will mean you're living around sicker people. That will almost certainly hurt you, even if those people aren't your friends and family.