The December 20, 2017 Tax Act has been portrayed as a massive tax cut for Americans.
Yet, it increases the federal deficit by nearly $1.5. The ramifications are simple, the higher the federal deficit the more money spent for interest due on the national debt. Contrary to the public pronouncements of a major tax cut, investors and wage earners may on a case by case basis pay more in tax than previously paid in prior tax years.
Agenda
Faculty
Gary S. Wolfe
The Wolfe Law Group
Our author, Gary S. Wolfe, has more than 34 years of experience, specializing in IRS Tax Audits and International Tax Planning/Tax Compliance, and International Asset Protection.
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