We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
The Effects of the Tax Cuts and Jobs Act on Small Businesses.
- Authors
Briegel, Jennifer
- Abstract
In December 2017 Congress passed the first major tax reform since 1986, the Tax Cuts and Jobs Act. The bill introduced by President Trump and the Republican party promised to simplify the tax code and tax filing process as well as bring lower taxes to nearly all Americans. The primary accomplishment of the bill is the lowering of the corporate tax rate to a flat 21 percent. Since most small businesses are not able to take advantage of this rate reduction due to their tax structure, Congress introduced other tax breaks in order to lower the effective tax rate on small businesses. This paper discusses how the Tax Cuts and Jobs Act affects American small businesses and their owners.
- Publication
Journal of Financial Service Professionals, 2019, Vol 73, Issue 1, p48
- ISSN
1537-1816
- Publication type
Academic Journal