2017 Tax Reform Summary of Major Provisions
Tax Rates Observation:For 2017, $600,000 of taxable income for a joint filer/surviving spouse creates a federal income tax liability of $182,830. For 2018, the same amount creates a liability of $161,379, resulting in tax savings of $21,451 Caveat:This comparison does not account for potential lost deductions in 2018 that may result in higher taxable income […]