Good outline/summary of the "Tax Cuts and Jobs Act of 2017"?
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  Good outline/summary of the "Tax Cuts and Jobs Act of 2017"?
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Author Topic: Good outline/summary of the "Tax Cuts and Jobs Act of 2017"?  (Read 1269 times)
Blue3
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« on: November 11, 2018, 02:35:53 PM »

Is there a good outline/summary/infographic somewhere of the "Tax Cuts and Jobs Act of 2017"?

The Wikipedia article is not the best, too much unorganized clutter.
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Del Tachi
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« Reply #1 on: November 11, 2018, 08:24:33 PM »

Bill summary
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Blue3
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« Reply #2 on: November 11, 2018, 08:38:43 PM »

That's not what I'm looking for.

Something that puts the bill into everyday language, to share with others.
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Del Tachi
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« Reply #3 on: November 11, 2018, 11:23:47 PM »

That's not what I'm looking for.

Something that puts the bill into everyday language, to share with others.

Ok.  Sorry you can't read.

The tax code is complicated.  Any honest attempt at summarizing the 2017 reforms is not going to be in 8th grade language and will require some nuance. 
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Blue3
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« Reply #4 on: November 12, 2018, 01:10:43 AM »

That's not what I'm looking for.

Something that puts the bill into everyday language, to share with others.

Ok.  Sorry you can't read.

The tax code is complicated.  Any honest attempt at summarizing the 2017 reforms is not going to be in 8th grade language and will require some nuance.  

It's not for me. It's to share with others, as I've said repeatedly. It's for teaching a 5th grade classroom. There's a better way than that link.
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #5 on: November 12, 2018, 08:17:18 AM »

Probably not.  I'd hesitate in trying to produce a summary intended for a high-school class, let alone a 5th-grade class that is unlikely to have been exposed to the differences between a personal exemption, a deduction, and a credit.  If I had to attempt that, I'd say:

* Most people will pay less income tax.
* Fewer people will need to fill out Schedule A (itemized deductions) because there are fewer itemized deductions and the standard deduction was increased.
* Those who own small businesses get a new tax deduction.

That's extremely simplified, but there is no good middle point between that and the IRS's 14 page "brief" guide.  https://www.irs.gov/pub/irs-pdf/p5307.pdf
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