2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
2023 Tax Calendar
VIEWpoint Issue 2 | 2022
Just days before President Trump’s “100 days” in office, he unveiled his highly anticipated tax reform outline –the “2017 Tax Reform for Economic Growth and American Jobs.” The outline calls for dramatic tax cuts and simplification: lower individual tax rates under a three-bracket structure, doubling the standard deduction and more than halving the corporate tax rate. Additional modifications include changing the tax treatment of pass-through businesses, expanding child and dependent incentives and more. Plus, both the alternative minimum tax and the federal estate tax would be eliminated. Here’s a deeper glimpse into The President’s proposed tax reform:
|Up to $75,000||12%|
|$75,000 – $225,000||25%|
Count on Doeren Mayhew’s tax advisors for insight into the changes, how they impact your business and more. For more information, contact us today.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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