The 2017 Tax Cuts and Jobs Act made several large changes to business taxes, including permanently lowering
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The 2017 Tax Cuts and Jobs Act made several large changes to business taxes, including permanently lowering the corporate income tax rate from 35 percent to 21 percent. Individual tax rates continued to be progressive ranging from 10 to 37 percent.
What would be the ramifications to US taxpayers, tax professionals and the US government if the tax rates for individuals were also set at a flat percentage? What percentage would you propose?
Related Book For
Managerial Economics And Strategy
ISBN: 9780134899701
3rd Edition
Authors: Jeffrey M. Perloff, James A. Brander
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