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Tax Dec 2017 - "The Final Tax Bill"

Tax Dec 2017 - "The Final Tax Bill"

Tax Dec 2017 - "The Final Tax Bill"

Excerpt 


The Final Tax Bill



The much anticipated Republican tax bill is finalized, with President Trump expected to sign the legislation into law before Christmas. The final bill codifies significant changes to personal business tax laws, both in terms of tax structure and rules. Below is a summary of the key provisions in their final form compared to current tax law.

Income Tax Rates

Overall, the bill reduces individual income tax rates; however, these cuts expire after 2025. The alternative minimum tax is retained, but the exemptions are increased so fewer taxpayers will be subject to it........



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