Income Disparities in Tax Bill

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Trump, tax and bill

How much will Trump's tax bill save you? Gains could vary by income.

The GOP tax bill could boost the highest-earning Americans' incomes while hurting low earners, according to findings from nonpartisan research groups.

ABC News on MSN · 8h

What's in Trump's 'big' tax and immigration bill House Republicans are struggling to pass

More than an estimated 8 million recipients could lose Medicaid coverage, according to a CBO analysis requested by House Democrats. Republicans say they're targeting able-bodied adults and undocumented immigrants, but other beneficiaries could also be impacted.

Bloomberg on MSN · 7d

How the SALT Fight Threatens to Derail the Republican Tax Bill

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for state and local taxes — the SALT deduction,

How much would Americans of different income save in taxes if the GOP bill is signed into law?

The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, ...

Soy Aire on MSN4d

GOP Tax Bill has favorites, opponents say

The Republican tax bill proposal is sparking intense debate as it moves through the House. While Republicans tout its ...

MiBolsilloColombia on MSN5d

Who ends up winning with the GOP Tax Bill?

The GOP's tax bill proposal, advancing through the House committees, presents a complex landscape of beneficiaries, largely ...

Demos1dOpinion

Don’t Be Fooled, GOP Tax Plan Is Bad for Working People and Families

Behind the GOP's populist facade lies a tax plan that would benefit corporations and wealthy households while cutting ...

Accounting Today6d

AICPA worried by changes to deductibility of SALT for firms

The American Institute of CPAs is concerned about a provision in the tax reconciliation bill limiting deductibility of state ...

USA Today4d

House Republicans’ bill includes ‘no tax on tips’ proposal. How would it work?

House Republicans recently unveiled a sweeping tax plan that included a key promise from President Donald Trump’s campaign trail: no tax on tips. Polling suggests it’s a popular idea across ...

CBS News6d

House GOP bill proposes a number of new tax cuts. Here's how that could impact your money.

By contrast, for seniors the latest version of the House bill has one notable omission: There's no plan to eliminate taxes on Social Security income, as Mr. Trump promised in his campaign.

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