A graduate on the University of Florida, Julia has in excess of 6 a long time of knowledge in private finance journalism. As well as overseeing news and newsletters, she leads Money’s tax coverage, which incorporates extensive reporting on tax credits, policy changes and the IRS.
An Assessment printed by the Institute on Taxation and Economic Plan observed that Trump's tax proposals would Reduce taxes for the wealthiest five% of usa citizens — and raise them for other money teams.
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"I do not Feel you usually takes as a right that Should the president claims he would like a particular matter finished, it may be completed that way When you've got these a thin margin," Bob Dietz, countrywide director of tax research at Bernstein Non-public Wealth Management, suggests.
As soon as the fanfare of Donald Trump's inauguration fades, Congress should get to work on taxes — and it will not be pretty.
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