Can someone put in laymen's terms for me what it will do to the middle class?
Other than obviously continue to make things more expensive, are we actually gonna see taxes increase in middle class tax brackets?
The way I understand it is no tax increases for middle class folks. Now the corporate taxes in this bill will likely get passed down to the consumer.
If you own your own business, effectively your taxes just shot up as the IRS is likely going to audit the hell out of any small/medium size business. They ain’t hiring 87k new agents to audit the big corporations. Anything other than standard deductions are going to create a tax nightmare for folks who can’t afford armies of accountants.
