应童鞋要求：what‘s impact on family income over $1million

For families earning over $1?million per year, Trumps new One Big Beautiful Bill (OBBBA) delivers substantial tax benefits, especially for ultra-wealthy households, while also introducing broader economic risks and trade-offs.

---

???? 1. Major Tax Cuts Targeting the Ultra?Rich

• Top 1% gets a huge share: Analysis suggests the top earners receive around 68% of total tax benefits, with millionaires obtaining the largest dollar gains apnews.com+15democrats-budget.house.gov+15kiplinger.com+15.
  
  
• Tax cut scale: Households earning over $1?million could see tax reductions of roughly $79,000 in 2027 democrats-budget.house.gov+1en.wikipedia.org+1.
  
  
• Pass-through deduction remains intact: High-income business owners keep the 2023% QBI deduction, which further reduces taxable income.
  
  

---

? 2. SALT Deduction Relief for High Earners

• OBBBA raises the SALT cap from $10K to $40K for incomes under $500Kbut high earners benefit indirectly through married-filing or blended-income households en.wikipedia.org.
  
  

---

? 3. Estate and Business Perks

• Estate-tax exemption doubled permanently, benefiting families with multi-million dollar estates reuters.com+15houstonchronicle.com+15ctinsider.com+15.
  
  
• Full expensing for business assets, plus enhanced incentives for industries like energy, adds further tax relief reuters.com+5houstonchronicle.com+5whitehouse.gov+5.
  
  

---

?? 4. Long-Term Fiscal and Social Trade-offs

• The CBO estimates a $2.4$3.4?trillion rise in federal deficit over a decade reuters.com+8en.wikipedia.org+8apnews.com+8.
  
  
• Spending reductions in Medicaid, SNAP, and other social programs mean 17 million could lose health coverage over 10 years houstonchronicle.com+15en.wikipedia.org+15ctinsider.com+15.
  
  
• Green-energy tax credits are pared back, affecting high-income households investing in clean tech democrats-budget.house.gov.
  
  

---

???? Summary Table

Impact Area	Families $1M
Income Taxes	? ~$79K cut (2027 estimate)
SALT Deduction	? Relief via higher cap
Business/Asset Expensing	? Significant benefits
Estate Taxes	? Enhanced planning advantages
Federal Deficit Debt	?? +$2.43.4T deficit impact
Social Safety Nets	?? Cuts may affect services
Green-Energy Incentives	?? Scaled back credits

---

???? Final Take

Ultra-wealthy families (income $1?million):

• Receive the lions share of the financial windfall, with benefits in income, estate, and business taxes.
  
  
• Pay little to no additional downside directly, though they may be affected indirectly via cuts to social programs and environmental incentives.
  
  
• Face possible future risks: larger debt may invite political pressure for tax reforms or reversals.
  
  

Would you like a customized breakdown if youre in a specific state (e.g., California vs. Texas), or a closer look at how estate planning or business structures would benefit? Let me know!

Relevant news on OBBBA and millionaires