2017 tax cuts jobs act 2017 law explanation analysis detailed december 2017 2 about cordasco company pc cordasco and company pc is a boutique cpa firm specializing in complicated federal and state tax the following is our qualitative analysis of the recently passed tax cuts and jobs act of 2017 this. Law explanation and analysis of the tax cuts and jobs act of 2017 a guide to the retirement benefit plans executive compensation employee benefits and payroll provisions is out in front with expert analysis of the practical effects this law will have on retirement benefit plans executive compensation employee benefits and payroll. The house tax cuts and jobs act would reform both individual income tax and corporate income taxes and would move the united states to a territorial system of business taxation according to the tax foundations taxes and growth model the plan would significantly lower marginal tax rates and the . The tax policy center has also released an analysis of the macroeconomic effects of the tax cuts and jobs act as passed by congress we find the legislation would boost us gross domestic product gdp 08 percent in 2018 and would have little effect on gdp in 2027 or 2037. The 2017 tax cuts and jobs act is the most sweeping update to the us tax code in more than 30 years the recently released bill would lower taxes on businesses and individuals and unleash higher
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