Paul L. Caron

Monday, December 18, 2017

Davis Polk's Tax Cuts And Jobs Act Navigator

Davis PolkFollowing up on my weekend posts:

Davis Polk, Tax Cuts and Jobs Act Navigator:

We are pleased to release our first “TCJA Navigator,” a hyperlinked version of the Conference Committee’s tax reform bill released on December 15th.

This Navigator includes a table of contents organizing the tax bill by subject matter, with hyperlinked page numbers that will take you to the section at hand.

Congressional News, Tax, Tax Policy in the Trump Administration | Permalink


Am I right: the final version eliminates ("suspends") all miscellaneous itemized deductions, including 212 investment-related expenses and expenses up to income for 183 activities? This certainly doesn't square with the narrative that this bill is a gift to the wealthy. It also doesn't square with any conceivable norm for taxing net income.

Posted by: PTTAX | Dec 18, 2017 11:33:03 AM