Tax reform: The good, the bad, and the ugly. Part Two

TaxUSIn this newsletter commentator John Mauldin writes that large parts of the US economy exist only because the tax system makes them profitable while others don't exist because the tax system makes them unrewarding. In part two of his series on tax reform he examines the IRS commitment to improve the tax system so that it is simpler, fairer, flatter and creates jobs and growth. Highlights of the new deal include a reduction of the top corporate tax rate from 35% to 20% and a new three-bracket tax rate schedule with the top personal tax rate to only 33%. Read more