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Tax Tinkering

It appears the Congress is getting closer to passing a tax reform bill. While there are differences between the current House and Senate versions, they are close enough that it is easy to see that they can be reconciled and tax reform legislation can be passed this year.
Reform on the individual income tax looks like some tinkering with its provisions, not a major reform. The major reform is in the corporate income tax, which would significantly lower rates and provide other benefits.
On the individual side, rates will not change much, and the reform package will benefit some taxpayers and harm

Read more at The Independent Institute