Donald Trump’s Impact on Your Finances (as reported by Rob Berger on www.forbes.com)

It’s official, Donald Trump will be the 45th President of the United States of America. Whether or not you voted for him, this fact is likely to result in a number of changes that could impact your financial well-being.

First, depending on how much money you currently make, you could see a change in taxes. Trump has proposed a simplification of the tax code, with 3 brackets instead of 9, the highest at 33% on anything over $112,500 in income for single filers.

Second, Trump has promised to repeal and replace the Affordable Care Act. This could result in a large number of people losing their current insurance and the overall cost of healthcare rising over the next several years.

Click here to read about all the other changes a Donald Trump presidency could have on your finances.

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