When I get older, would I be a bad person if I did this?

My dad is a bit of a jerk. No, he isn't a jerk because he makes me do chores or anything like that. I do those happily. He is a jerk because he really doesn't respect me. He constantly makes jokes about me and I feel like he bullies me a bit sometimes. He basically is a "my way or the highway" type of guy. If you don't do exactly as he says or don't agree with what he does, he makes you feel like a piece of crap. For example, he is kind of prejudice and is always talking about how "black people are all cocky" or "White people are all rich" or whatever and i personally don't agree with him doing that. So one time, I confronted him about it. Nothing too serious, just asked him why he did it. He took it really offensively and told me that I should just shut up because he pays for my food and clothes (even though my Mom and Grandma are the ones who pay for most of that stuff). He's really arrogant and he doesn't really care about what others think. That's not even the farthest he's gone. He has bullied my mom when I was younger and they have divorced but I have to go to his house every weekend and i'm tired of the fact that everytime I try to work things out with him, he accuses me of being the problem and tells me off.

I'm 17 now and, in a year, I plan to get as far away from this place as I can and, while I plan to keep in contact with my Mom and Brother, I plan to cut off all contact with my dad. I don't want to do this because, despite all of the things he's done and the amount of times he has brought me to tears, I still love him. but, it's like no matter how many times I've been brought to tears or how many times he has made me feel like crap, he still hasn't changed and I don't want that type of negative energy around my kids and family if I have one when I grow up. So, would I be a bad person if i just cut off all communication with my dad or should I not feel bad?