The Senate Finance Committee passed a version of a tax reform bill on November 9 that was revised on November 14. The House passed its version of tax reform on November 16. The two versions have significant differences making it likely that tax reform will not happen by Trump’s Christmas deadline.
Other changes proposed by the Senate and House in their tax reform plans
Posted on 20. Nov, 2017 by Catherine Joy in 2017 Taxes
In addition to the proposed changes in tax rates and tax brackets, there are numerous proposals for changing rules that affect deductions from income to arrive at the actual income to be taxed.
Proposed Senate and House version tax brackets and tax rates
Posted on 13. Nov, 2017 by Catherine Joy in 2017 Taxes, Tax
Check out the proposed changes in the House and Senate tax plans.
Corporate rate changes proposed by the Senate and House in their tax reform plans
Posted on 01. Nov, 2017 by Catherine Joy in 2017 Taxes, Tax
One of the first tasks in creating a combined version of the Senate and House tax proposals will be to agree upon the tax rates and tax brackets. The versions are within sight of each other in the range of rates, but the difference between four rates and seven creates a major distinction in the […]
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