We examine the effect of unexpected defined benefit (DB) pension contributions on employee productivity. The Tax Cuts & Jobs Act (TCJA), implemented in the U.S. in 2017, decreased the corporate tax rate from 35 percent in 2017 to 21 percent in 2018. This change incentivized firms to ...
On December 20, 2017, the House passed the reconciled tax reform bill, commonly called the “Tax Cuts and Jobs Act of 2017” (TCJA), which the Senate had passed the previous day. It’s the most sweeping tax legislation since the Tax Reform Act of 1986. The bill makes small reductions ...
In comparison to previous tax brackets and tax rates, the new rates due to the Tax Cuts and Jobs Act are slightly lower and the brackets are generally slightly broader. Under the 2017 tax brackets and rates, a single taxpayer with $40,000 of taxable income would be in the 25% tax brack...
medical expenses, and contributions and listing expenses on a Schedule C which is where you put the income and expenses for your freelance business. A number of people have asked what they are going to do if they can’t
On December 20, 2017, for the first time in 30 years, Congress passed major tax legislation in the form of the Tax Cuts and Jobs Act of 2017, Pub. Law No. 115-97 (Act), signed into law by President Donald J. Tru...
When the Tax Cuts and Jobs Act of 2017 (TCJA) introduced sweeping changes to the tax code, the new, flat, 21% rate for C corporations got all the buzz. While a reduction from a potential maximum of 35% to a flat 21% was indeed newsworthy, that particular provision of the TCJA didn...
The Tax Cuts and Jobs Act (TCJA)—signed into law by then-president Donald Trump on December 22, 2017—is significant legislation that altered many parts of the federal U.S. tax code. The goals of the act were to lower the taxes of many American individuals, households, and corporations,...
But details of exactly how the tax overhaul will be paid for are buried in the fine print of the bill, and are likely to be the source of intense debate over the coming weeks. The primary authors of the bill were the staff of the House Ways and Means Committee, led by chairman Kevin...
The spotlight may be on the US 2024 presidential election, but tax executives can’t afford to take their eyes off 2025 and beyond. That’s when federal and global tax policies will come to a head. Key individual provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 expire, and chan...
This paper examines the Tax Cuts and Jobs Act (TCJA) of 2017, the largest tax overhaul since 1986. The new tax law makes substantial changes to the rates and badoi:10.2139/ssrn.3280582Gale, William G.Gelfond, HilaryKrupkin, Aaron