Law explanation and analysis of the tax cuts and jobs act of 2017 a guide to the retirement benefit plans executive compensation employee benefits and payroll provisions is out in front with expert analysis of the practical effects this law will have on retirement benefit plans executive compensation employee benefits and payroll. The tax policy center has released distributional estimates of the conference agreement for the tax cuts and jobs act as filed on december 15 2017 we find the bill would reduce taxes on average for all income groups in both 2018 and 2025. 2017 tax cuts jobs act 2017 law explanation analysis detailed december 2017 2 about cordasco company pc cordasco and company pc is a boutique cpa firm specializing in complicated federal and state tax the following is our qualitative analysis of the recently passed tax cuts and jobs act of 2017 this. The 2017 tax cuts and jobs act is the most sweeping update to the us tax code in more than 30 years the recently released bill would lower taxes on businesses and individuals and unleash higher . According to the tax foundations taxes and growth model the house tax cuts and jobs act would increase the long run size of the us economy by 35 percent table 2 the larger economy would result in 27 percent higher wages and a 93 percent larger capital stock
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