Friday, April 19, 2019
New York Times, On the Last Day to File Taxes, Here’s How the Trump Tax Cut Unfolded:
While tax cuts are arguably one of the Trump administration’s biggest achievements to date, and businesses have been celebrating the profit windfall they received from a lowering of corporate rates, many Americans seem not to have noticed that individual taxes also fell.
Chalk that up to an early drop in the size of tax refunds for some, and the fact that, divided over a year’s worth of paychecks, the tax benefit may not have seemed consequential.
Now that the effects of the tax act are becoming clearer, here are some early conclusions about its impact on people and businesses:
Individuals Owed Less, but Did They Notice? ...
Business Did What Business Does ...