Not Tax Reform
The misleadingly-named Tax Cuts and Jobs Act of 2017 is law, but it is not tax reform. Whatever it means for various taxpayers and corporations remains to be worked out. As one writer put it:
Ultimately, the new tax rules are actually complex enough that it will likely take months or even years for all of the new tax strategies to emerge … On the “plus” side, though, at least ongoing tax complexity means there will continue to be value for tax planning advice?
What it means for the US economy is equally murky.Read More »Real Tax Reform