Trump Tax Cut to Be Eroded Next Year by Inflation Switch - News Summed Up

Trump Tax Cut to Be Eroded Next Year by Inflation Switch


WASHINGTON—Last year’s big tax cut is about to start shrinking. The Internal Revenue Service on Thursday announced the tax code’s parameters for 2019, implementing a new method for making inflation adjustments that will result in higher tax payments—and government revenue—over time. The shift will cost Americans $133.5 billion over a decade,...


Source: Wall Street Journal November 15, 2018 17:18 UTC



Loading...

Loading...