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.