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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.
Jun 13, 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.
The bill was signed into law by President Donald Trump on December 22, 2017. Most of the changes introduced by the bill went into effect on January 1, 2018, and did not affect 2017 taxes. [ 8]
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 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.
Feb 14, 2020 · Before and after passage of the Tax Cuts and Jobs Act (TCJA), several prominent conservatives, including Republicans in the House and Senate, former Reagan economist Art Laffer, and members...
