Many benefited from changes seen under the law and received lower tax bills, assuming tax situations mirrored the previous year.
Corporations, arguably the largest beneficiaries of the law, enjoyed numerous benefits. The primary ones being the substantial drop in the corporate income tax rate from 35% to 21%, new treatment of qualified business income, and beneficial changes to accelerated depreciation.
Help FAIRtax Get In The Presidential Debates in 2020
Enacting the FAIRtax must be a prominent topic on the Presidential Debate stage. We did it before, we can do it again, but we need your help!