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Here's who would save the most money under Trump's proposed tax overhaul

Alex Morrell,Andy Kiersz   

Here's who would save the most money under Trump's proposed tax overhaul
Stock Market1 min read

donald trump

Andrew Harrer-Pool/Getty Images

If Trump's tax plan is enacted, rich people will have plenty to be happy about.

Most people - but not all - would save money under the tax overhaul proposed by President Donald Trump, according to an analysis of the plan.

But who stands to gain the most? Across the board, it's those who already earn the most.

Using an analysis from the Tax Policy Center, Business Insider broke down the financial implications of Trump's most recent tax plan - he has teased the release of an updated plan in the coming weeks - on a variety of tax filers.

By and large, the more you make, the better you fare under Trump's proposal. Those earning over $1 million would see the largest tax break - not just in terms of dollars, but also tax rate reduction and percent increase to after-tax income.

It's important to keep in mind that no law has been passed, so nothing is yet a given. If Trump does release a new plan in the coming weeks, it's possible there will be some significant changes.

Moreover, Trump and House Republicans don't agree on everything, and he may not get everything he wants in a tax plan.

That said, read on to see the breakdown of how the top American earners fare the best under Trump's current tax proposal.

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