Income Tax Accounting Discussion.docx - I actually thought...

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I actually thought the Tax Cuts and Jobs Act was something that was not benefiting citizens. ThenI watched Professor Ambrosio’s video, it turns out it has its ups and downs. There aresomethings that I agree with and some I don’t think its fair.1.What first stuck out was how the people voted on how the $20.00 should have been distributed,I initially thought Angi, only because of no or low income. I always felt that the poor shouldn’t betaxed so high when they can barely can put food on the table for their family. But then I seenthat majority picked John, due to the taxes that he needs to pay.And yes, no one picked themiddle class.2.The pass-through entities how they are saving on the tax with 80% from the start on thebusiness’s total income and they have a reduced tax individually. Thought that sounded
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Term
Fall
Professor
N/A
Tags
Taxation in the United States, tax cuts, New System, Professor Ambrosio

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