If what the economist are saying is true, This Tax reform will hurt the middle class and working class. The corporate tax rate was lowered from 35% to 21% with the hopes to bring company's back to america. "Merry Christmas Corporate America"
I will be paying close attention to The Trump Corporation and the rest of Corporate America to see how many will close international businesses and move back to america. (NOT)
The estate tax has is now 5.6 million per individual. What this means is that you can now leave up to 5.6 million to family or heir and pay no federal estate or gift tax.
Finally, if you make between 50k and 70k you should see a Tax decrease of 870.00 dollars which is about 1.6%. If you make a million dollars a year or more, you should see a decrease of 69,000 dollars which is about 3.3%.
For someone like me who makes a six figure salary but with NO dependents, gets screwed every year with "no lube"
WHAT'S YOUR OPINION?