The Trump Tax Penalty 2018-2021
Abstract
The Tax Cuts and Jobs Act (TCJA) was signed into law by former President Donald J. Trump in 2017. The law took effect on January 1, 2018. The law permanently cut the corporate tax rate to 21% and temporarily lowered individual tax rates. Evidence in this paper will demonstrate how an older married couple on Social Security and a modest pension actually incurred higher federal income taxes during the years 2018- 2021 as a result of TCJA. Paying higher federal income taxes as a result of TCJA is the Trump Tax Penalty.
Full Text: PDF DOI: 10.15640/ijat.v11n1a1
Abstract
The Tax Cuts and Jobs Act (TCJA) was signed into law by former President Donald J. Trump in 2017. The law took effect on January 1, 2018. The law permanently cut the corporate tax rate to 21% and temporarily lowered individual tax rates. Evidence in this paper will demonstrate how an older married couple on Social Security and a modest pension actually incurred higher federal income taxes during the years 2018- 2021 as a result of TCJA. Paying higher federal income taxes as a result of TCJA is the Trump Tax Penalty.
Full Text: PDF DOI: 10.15640/ijat.v11n1a1
Browse Journals
Journal Policies
Information
Useful Links
- Call for Papers
- Submit Your Paper
- Publish in Your Native Language
- Subscribe the Journal
- Frequently Asked Questions
- Contact the Executive Editor
- Recommend this Journal to Librarian
- View the Current Issue
- View the Previous Issues
- Recommend this Journal to Friends
- Recommend a Special Issue
- Comment on the Journal
- Publish the Conference Proceedings
Latest Activities
Resources
Visiting Status
 Today |
185 |
| Yesterday |
90 |
| This Month |
2205 |
| Last Month |
3899 |
 All Days |
980996 |
 Online |
5 |
