- Thu Nov 26, 2020 9:51 am
#128689
https://www.brookings.edu/interactives/ ... trump-era/
https://www.foreignaffairs.com/articles ... anded-them
https://www.thebalance.com/trump-s-tax- ... ou-4113968
Business tax cuts are permanent while the individual cuts expire in 2025.
Individual tax rates have been lowered, the standard deduction raised, and personal exemptions were eliminated.
Many itemized deductions have been removed.
The maximum corporate tax rate has been lowered from 35% to 21%.
Passthrough companies receive a 20% deduction on qualified income.
The plan encourages corporations to repatriate foreign earnings.
The act will add $1 trillion to the debt over the 10 years it's in effect.
https://apnews.com/article/ce014d94b64e ... 3e56f80e9a
https://civilrights.org/trump-rollbacks/#
https://thehill.com/policy/finance/3347 ... mps-budget
https://www.foreignaffairs.com/articles ... anded-them
https://www.thebalance.com/trump-s-tax- ... ou-4113968
Business tax cuts are permanent while the individual cuts expire in 2025.
Individual tax rates have been lowered, the standard deduction raised, and personal exemptions were eliminated.
Many itemized deductions have been removed.
The maximum corporate tax rate has been lowered from 35% to 21%.
Passthrough companies receive a 20% deduction on qualified income.
The plan encourages corporations to repatriate foreign earnings.
The act will add $1 trillion to the debt over the 10 years it's in effect.
https://apnews.com/article/ce014d94b64e ... 3e56f80e9a
https://civilrights.org/trump-rollbacks/#
https://thehill.com/policy/finance/3347 ... mps-budget