Yesterday the Trump administration released its tax-reform plan, which the White House is calling the “biggest individual and business tax cut in American history.” Here is what you should know about the plan:
What are the goals of the tax reform plan:
The stated goals are to:
• Grow the economy and create millions of jobs
• Simplify our burdensome tax code
• Provide tax relief to American families—especially middle-income families
• Lower the business tax rate from one of the highest in the world to one of the lowest
What are the objective for individual taxpayer reform? Continue Reading...
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