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Tax cut
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coup
Posted 11/20/2018 19:41 (#7118093 - in reply to #7115732)
Subject: RE: Looks like a tax cut to me


USA
Just saying - 11/19/2018 18:16

Birddy - 11/19/2018 18:48

stevepfrm - 11/19/2018 17:29 It was only 15% on the first $50000 income before so technicly a raise if income below $50000!

You are very wrong in your post.  Go back and do your homework, not a raise

like in your example. 

It is a tax cut on most taxpayers.


Uhh... You might want to do your homework on this one Birddy!


$100,000 C corp income under old law = $22, 250 income tax before cuts

Now $100,000 x 21% = $21,000 income tax

$200,000 C corp income = $61,250 income tax before tax cuts

Now $200,000 C corp income = $42,000 income tax
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