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Congress is moving fast through the process of changing our tax code. There are still lots of details to be ironed out, but one of the major provisions is a cut to the corporate tax rate.
There is also a proposal to cap the tax rate on pass-through business entities - which may reduce the amount of taxes paid by small businesses.
There are also many parts of the proposals that will impact individuals. More can be found at http://bigpictureretirement.net/047
By Devin Carroll, CFP® & John Ross, JD4.7
523523 ratings
Congress is moving fast through the process of changing our tax code. There are still lots of details to be ironed out, but one of the major provisions is a cut to the corporate tax rate.
There is also a proposal to cap the tax rate on pass-through business entities - which may reduce the amount of taxes paid by small businesses.
There are also many parts of the proposals that will impact individuals. More can be found at http://bigpictureretirement.net/047

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