This piece has been updated to reflect the final version of the tax bill. President Trump signed a long-awaited tax bill into law on December 22nd, a few days after it passed the Senate 51-48.
That said, many folks are wondering what’s in the bill and how it might affect them. Here’s a recap of some of the major tax provisions in the new tax bill and how they may impact you. Lower Tax Rates and Changed Income Ranges. The bill retains the seven tax brackets found in current law, but lowers a number of the tax rates.
Under the bill to be introduced on Monday, the chairperson of three committees – the Senate Finance Committee; the House Ways and Means Committee; and the Joint Committee on Taxation – could request.
On its own, the move would spark an exodus because multinationals would have to pay the same tax rate as local companies, which in Geneva is as high as 24.16%. So the government is proposing new ways.
Tax bill 101: What the new law means for homeowners. Everything you need to know. By Jeff Andrews Dec 20, Curbed’s data reporter explains why that won’t be the case for the next one.
What the new tax law means for you. December 28, 2017 *Updated as of January 2, 2018. On December 22, President Trump signed into law a major overhaul of the American tax code.