If You Don't Know What a Double Irish With a Dutch Sandwich Is, Then It Is Probably Hurting You

Among developed nations, the U.S. stands out with the highest corporate tax rate. President Donald Trump plans to change that by lowering the federal corporate tax rate to 15 percent. Profits from unincorporated businesses would also be taxed at 15 percent, in place of the taxpayer's regular income tax bracket.The last time the U.S. overhauled its tax system, President Ronald Reagan's Treasury department kicked off two years of debate by releasing a three-volume treatise. This time, President Trump started the process by releasing a one-page schematic.  Continue reading...