Washington. US President Donald Trump has implemented the Big Beautiful Act on 4 July. He also had a fight with his friend and billionaire Alon Elon Musk over this bill. Musk has even left Trump and even formed a separate American party. Many Indian Americans Lawmakers have also protested against this act. Amidst all this, about 52 lakh Indian-Americans are going to benefit from this act.
First of all understand about this law. The Big Beautiful law has brought measures like increasing real salary, tax exemption and saving jobs for American citizens. Under this, overtime and tips will not be taxed. There will also be tax exemption on social security income. State-level provisions have been made to save jobs and increase income. Due to which 52 lakh Indian-American living in America will be able to benefit.
How will the Indians benefit?
The Indian-American community is the most prosperous and fastest growing migrant group in America. The average annual income of Indian families in 2023 was $ 1.51 lakh (about ₹ 1.25 crore). After the implementation of the Big Beautiful law, he will see further increase in his income.
Tax exemption
Tips, overtime, and social security income will no longer be taxed. This will especially benefit Indians working in Uber cab and service sectors like restaurants, hotels, rideshare. This means that the increase in salary is keeping in mind inflation, so that people can know the power to buy real.
For example, a family in California can have additional savings from ₹ 7.32 lakh to ₹ 10.76 lakh annually. From ₹ 6.46 lakh to ₹ 9.21 lakh in Texas. Similar relief in New Jersey, New York, and Illinoy State.
Employment safety
The new law alone is estimated to preserve 7.37 lakh jobs in California alone. 5.8 lakh jobs in Texas, 4.05 lakh in New York and 1.79 lakh jobs in New Jersey. A large number of Indian families also live in America. All retired Indians will get direct benefit of exemption from social security income tax.
Why is this law important?
India is one of the highest -grossing foreign communities in America. According to Pew Research, the average annual income of overseas Indian families is $ 156,000 (₹ 1.32 crore). This law will increase tech home salary and strengthen economic stability.
