Quote:
Originally Posted by Jeff '79
So it won't be in effect until the next tax year, not when we file for this year?
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Yes, but employees should see more in their paychecks via less withholding tax, and businesses and investors will start seeing a benefit on their quarterly tax returns.
More importantly, businesses, employees, and investors can go forth, secure in the knowledge that they can retain more of what they make, percentage wise. This should encourage more growth, as consumers buy more, investors invest more, and businesses expand. This also should encourage more foreign investment, more businesses moving to America.