At the same time, the bill is most likely to raise taxes on some high-income filers in states with high state and local taxes... READ MORE›
Despite last-minute snag, U.S. tax overhaul passes Senate, heads back to House... READ MORE›
President Trump celebrates with Congressional Republican on the South Lawn of the White House... READ MORE›
President Trump celebrates with Congressional Republican on the South Lawn of the White House... READ MORE›
Winners and losers Under the legislation, income tax rates will be reduced across all seven individual tax brackets... READ MORE›
WASHINGTON -- The Senate voted along party lines after midnight Tuesday to pass a sweeping 1.5 trillion tax bill that slashes tax rates for corporations,... READ MORE›
But, along with losing key deductions, they're explicitly barred from a new 20 percent tax deduction aimed at business owners... READ MORE›
President Trump has a right to be all smiles when he signs the massive tax overhaul that Congress was voting Tuesday to send to him... READ MORE›
Winners and losers Under the legislation, income tax rates will be reduced across all seven individual tax brackets... READ MORE›
13 Pass-through businesses Millions of US businesses pass through their income to individuals, who then pay personal income tax on those earnings, not corporate tax... READ MORE›
Senate Republicans are using special budget rules to fast-track the tax bill and block a Democratic filibuster... READ MORE›
Next year, the average federal tax cut would be 1,610, the study found... READ MORE›
Any 2018 state and local income taxes paid ahead of time would nevertheless need to be counted on next year's taxes, according to the bill... READ MORE›
When the corporate income tax rate is cut, firms increase investment, capital expenditures, and look to expand operations... READ MORE›
Trump administration officials and congressional Republicans have said the tax cuts will spur enough economic growth to cover that deficit... READ MORE›
Now, with votes planned in the House and Senate by the middle of next week, Trump is closing in on his first major legislative victory... READ MORE›
Senator Marco Rubio of Florida on Thursday threatened to vote against the bill unless negotiators boost the child tax credit... READ MORE›
Marco Rubio of Florida relented in his high-profile opposition after negotiators expanded the tax credit that parents can claim for their children... READ MORE›
Lawmakers have also agreed to set a higher corporate tax rate than originally planned, taking the current 35 percent rate to 21 percent instead of 20... READ MORE›
Two Republican senators have criticized tax cuts for the highest earners Susan Collins of Maine and Marco Rubio of Florida... READ MORE›
U.S. companies have 3.1 trillion in overseas earnings, according to a Goldman Sachs Group Inc... READ MORE›
Senate Provide a 23 percent deduction, with limitations related to taxable income and amount of wages paid... READ MORE›
Lawmakers have also agreed to set a higher corporate tax rate than originally planned, taking the current 35 percent rate to 21 percent instead of 20... READ MORE›
Republican Sen. Marco Rubio declared Thursday he will vote against the GOP's sweeping tax package unless negotiators expand its child tax credit, jeopardiz... READ MORE›
Senate Provide a 23 percent deduction, with limitations related to taxable income and amount of wages paid... READ MORE›
This married couple rents and has an estimated 2017 state income tax bill of 2,104... READ MORE›
House and Senate negotiators agreed to expand a deduction for state and local taxes to allow individuals to deduct income taxes as well as property taxes... READ MORE›
An analysis that Secretary Steven Mnuchin had previously pledged to conduct with full transparency... READ MORE›
Federal disclosure records show that in 2017, all three companies' lobbyists have been pressing lawmakers on issues related to the taxation of partnerships... READ MORE›
CNOOC, Sinopec and PetroChina dived in Hong Kong, while Inpex was hammered more than three percent in Tokyo... READ MORE›
WASHINGTON -- President-elect Donald Trump's proposals would modestly cut income taxes for most middle-class Americans... READ MORE›
The top 10 percent of the people pay 81 percent of the taxes, Mnuchin told Politico... READ MORE›
Once these business-related credits and deductions are applied, high-income taxpayers can use another item to lower their tax rates even further... READ MORE›
But you can't just give up that income tax because that's part of how you've been funding that level of human workers, Gates said... READ MORE›
According to TPC's analysis of his tax plan, on average, households would see their tax bills go down... READ MORE›
The White House maintained the wealthy would continue to pay the bulk of federal income taxes... READ MORE›
The House Republicans' bill will essentially be initiating open warfare on the middle class, said Senate Minority Leader Chuck Schumer, a New York Democrat... READ MORE›
The real estate mogul-turned-politician, who promised big tax cuts as a candidate, told reporters he personally would not gain financially from the proposal... READ MORE›
Ireland and Apple started to make changes a few months after the Maxforce began looking into their tax relationship... READ MORE›
When Tepper moved his firm to Florida, forecasters warned it could jeopardize New Jersey's budget because the firm generated more than 100 million in state income tax... READ MORE›
Provide about 40 percent of the state's income-tax revenue, according to the New Jersey taxation division... READ MORE›
More President Trump With tax reform we can make it morning in America again More Our View Tax reform or tax con?... READ MORE›
The framework calls for capping the tax rate on such pass-through businesses at 25 percent... READ MORE›
How President Trump's tax plan affects you, and what we still don't know about it... READ MORE›
Those held through corporate entities would see a big benefit from the 20 percent corporate tax rate, he said... READ MORE›
Trump is proposing plenty of reduced rates, bringing them down to 35 percent for rich individual taxpayers and 15 percent for corporations and businesses... READ MORE›
President-elect Donald Trump has proposed the largest tax cuts since Ronald Reagan... READ MORE›
The plan would end deductions of state and local taxes from federal income taxes... READ MORE›
U.S. Treasury Secretary Steven Mnuchin has taken pains to stress that the Trump administration isn't out to kill Americans' beloved mortgage-interest tax deduction... READ MORE›
As such, Bianco recommends that investors in need of income should turn to utilities stocks, which have been battered since the election... READ MORE›
Are you middle class enough to get the tax breaks President Trump and House Speaker Paul Ryan are promising?... READ MORE›
But among Democrats, 46 percent think that wealthy will benefit most, with only 7 percent thinking all Americans will benefit and 17 percent who think corporations will benefit... READ MORE›
A multiplier is the expected extra effect of a fiscal policy Spend 1, and you might get 1.60 of economic growth... READ MORE›
House Republican leaders plan to unveil a tax bill Thursday that would cut the corporate tax rate to 20 percent... READ MORE›
'Complicated and incredibly contentious' Tax reform is a complex matter... READ MORE›
SENATE BILL A corporate tax-rate cut to 20 percent would be delayed by one year to January 2019, according to GOP Senator Bill Cassidy of Louisiana... READ MORE›
Republicans who support Donald Trump's health care plan would be voting for what Democrats have slammed as a package of tax breaks for the wealthy... READ MORE›
U.S. Senate approves major tax cuts in legislative win for Trump... READ MORE›
Tax reform Ivanka Trump used her charm to sell child tax credit... READ MORE›
The dearth of Americans on the Panama Papers doesn't minimize the broader problem, Gardner said... READ MORE›
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