Arizonans will see tax cuts from "big, beautiful bill"
Why it matters: Tax cuts free up money for folks to spend on other things — which may be dearly needed as wages still haven't caught up with inflation and tariffs threaten to push costs further.
By the numbers: Arizonans' average tax cut will be $3,521 in 2026, a bit under the national average of $3,752, per an analysis from the Tax Foundation, a nonpartisan research group that mostly supports lower taxes.
But if you're in Maricopa County, the average tax savings will be $4,049, the biggest cuts of any county in the state.
The largest average tax cuts will be in Wyoming ($5,375), Washington ($5,372) and Massachusetts ($5,139).
Taxpayers in West Virginia ($2,503) and Mississippi ($2,401) will see the smallest average cuts.
How it works: The map above compares the tax rate in 2026 to what it would've been had the big bill not passed and the 2017 tax cuts expired.
The big bill not only made the 2017 tax cuts permanent, it added new breaks: deductions for tips and overtime income, a cut for seniors and an expanded child care tax cut.
These are temporary provisions made permanent for research and development expenses and other provisions.
Zoom in: Arizona's smallest average cuts, at an average of $1,994, will go to Apache County residents.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Jim Cramer Says Reports Of Apple Inc. (AAPL)'s 'Death' Are Overblown
We recently published . Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently discussed. Giuseppe Costantino/ Apple Inc. (NASDAQ:AAPL)'s shares have reversed tack recently as the firm appears to have smoothed over its friction with the Trump administration. The firm announced a $100 billion additional investment in the US earlier this month, and the shares have gained 13.8% since then. Cramer discussed Apple Inc. (NASDAQ:AAPL)'s shares adding 30 dollars to their value in ten days: 'Well we've got a lot of exciting things that people are talking about. About the release perhaps of new AI powered products. Uh, smart home push, including robots. Life like version of Siri, well that would certainly be helpful. Smart speaker with display and home security camera. I don't know, home security is something that people want but the main thing here is that if we get robots and they're not from Musk, they're from Apple, I think we'd be very interested in that. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
23 minutes ago
- Yahoo
US sanctions more ICC judges, prosecutors for probes into alleged American, Israeli war crimes
WASHINGTON (AP) — The Trump administration is ramping up pressure on the International Criminal Court for pursuing investigations into U.S. and Israeli officials for alleged war crimes. The State Department on Wednesday announced new sanctions on four ICC officials, including two judges and two prosecutors, who it said had been instrumental in efforts to prosecute Americans and Israelis. As a result of the sanctions, any assets the targets hold in U.S. jurisdictions are frozen. The sanctions are just the latest in a series of steps the administration has taken against The Hague-based court, the world's first international war crimes tribunal. The U.S. has already imposed penalties on the ICC's former chief prosecutor, Karim Khan, who stepped aside in May pending an investigation into alleged sexual misconduct, and four other tribunal judges. In a statement, Secretary of State Marco Rubio said he had taken action against ICC judges Kimberly Proust of Canada and Nicolas Guillou of France and prosecutors Nazhat Shameem Khan of Fiji and Mame Mandiaye Niang of Senegal. 'These individuals are foreign persons who directly engaged in efforts by the International Criminal Court to investigate, arrest, detain, or prosecute nationals of the United States or Israel, without the consent of either nation,' Rubio said. He added that the administration would continue 'to take whatever actions we deem necessary to protect our troops, our sovereignty, and our allies from the ICC's illegitimate and baseless actions.' In a separate statement, the State Department said Prost was hit for ruling to authorize an ICC investigation into U.S. personnel in Afghanistan, which was later dropped. Guillou was sanctioned for ruling to authorize the ICC's issuance of arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Minister of Defense Yoav Gallant related to Israel's war against Hamas in Gaza. Khan and Niang were penalized for continuing Karim Khan's investigation into Israel's actions in Gaza, including upholding the ICC's arrest warrants for Netanyahu and Gallant, according to the statement. Wednesday's move carries on a history of Trump administration actions against the ICC, of which the U.S. is not a member, dating back to his first term in office. During Trump's first term, the U.S. hit the ICC with sanctions, but those were rescinded by President Joe Biden's administration in early 2021.
New York Post
24 minutes ago
- New York Post
Democrats facing crisis as more than 2M voters leave party in four years: analysis
The Democratic Party is bleeding registered voters, suffering a 4.5 million swing against it that could take years to recover from, according to a new report. Between the 2020 and 2024 presidential elections, Democrats lost about 2.1 million voters across the 30 states that track registration by political party, according to a New York Times analysis of data gathered by the L2 tracking firm. Over the same period, the Republican Party gained 2.4 million registered voters. Officially, there are still more registered Democrats than Republicans nationwide, but that number is incomplete because blue states like California and New York allow voters to register by party — as does the District of Columbia — while reliably red states like Texas, Missouri and Ohio do not. Most alarmingly for Democrats, the decline is nationwide, with the US seeing more new voters registering with the GOP in 2024 for the first time in six years. Democrats also saw their registered voter advantage dwindle in four 2024 battleground states — Arizona, Nevada, North Carolina and Pennsylvania — all of which President Trump carried this past Nov. 5. Democrats lost about 2.1 million registered voters in the 30 states that track registration by political party. AP Michael Pruser, who tracks voter registration closely as the director of data science for Decision Desk HQ, warned that the numbers not only help explain Trump's victory last year — in which he became the first Republican presidential candidate to win the popular vote in 20 years — but also forecast significant headwinds for Democrats in next year's midterm elections as well as the 2028 presidential vote. 'I don't want to say, 'The death cycle of the Democratic Party,'' Pruser told the Times, 'but there seems to be no end to this.' 'There is no silver lining or cavalry coming across the hill. This is month after month, year after year,' he added. In North Carolina, Democrats lost 115,523 voters between the 2020 and 2024 election, with Republicans gaining more than 140,000 members and erasing the Dems' registration advantage, according to the L2 data. More new voters registered to be Republican than Democrat last year, the first time since 2018. Michael Nagle Democrats suffered similar losses in Arizona and Pennsylvania, while in Nevada — a state whose politics were long dominated by the Las Vegas-based Culinary Workers Union — the share of registered Democrats suffered the second-steepest plunge of those states measured between 2020 and 2024. (Only deep-red West Virginia saw more precipitous losses.). Even Democratic bastions like New York and California were not safe from voter erosion, with Dems losing 305,922 registered voters in the Empire State in between the two elections. In California, Democrats lost 680,556 voters between 2020 and 2024. All in all, Democrats went from enjoying an advantage of nearly 11 percentage points over Republicans in registered voter numbers in 2020 to just over six percentage points across the 30 states and DC in 2024, the Times found. Experts believe that the fall of new Democratic registrations can be linked to the growing number of voters choosing to be independents or unaffiliated, a trend that is sapping both parties' rolls. In 2018, more than one-third (34%) of new voter registrations nationwide were Democrats, while registered Republicans made up just 20% of new voters. As of last year, however, Republicans had erased that gap, with party supporters making up 29% of new voters, while Democrats made up 26% of new voters.
