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Nov 3, 2017 · This comprehensive study of the House Tax Cuts and Jobs Act includes a summary of its details & analysis of how it would impact revenue, wages, GDP, & more.
Mar 5, 2024 · The centerpiece of the law was a deep, permanent cut in the corporate tax rate — from 35 percent to 21 percent — and a shift toward a territorial tax system, which exempts certain foreign income of multinational corporations from tax. 20 percent deduction for pass-through income.
Aug 14, 2024 · The 2017 Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for both individuals and businesses. Many of its reforms are set to expire in 2025.
The New York Times reported in August 2019 that: "The increasing levels of red ink stem from a steep falloff in federal revenue after Mr. Trump’s 2017 tax cuts, which lowered individual and corporate tax rates, resulting in far fewer tax dollars flowing to the Treasury Department. Tax revenues for 2018 and 2019 have fallen more than $430 ...
The 2017 Tax Cuts and Jobs Act (TCJA) was the largest corporate tax reform in a generation, lowering the corporate tax rate from 35 percent to 21 percent, temporarily allowing full expensing for short-lived assets (referred to as bonus depreciation), and overhauling the international tax code.
Jun 14, 2018 · On December 22, 2017, Donald Trump signed into law the biggest tax overhaul since the Tax Reform Act of 1986.
Mar 5, 2024 · March 5, 2024. | By Chuck Marr, Samantha Jacoby and George Fenton. A high-stakes tax policy debate will accelerate this year through 2025 over the pending expiration of the individual income and estate tax provisions of the 2017 Trump tax law.
