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President Trump's Tax Bill - How will it Affect You, Our special guest speaker, Gina Baker-MBACPA Baker's Accounting, LLC along with Attorney Shelore Williams specializing in Estate Planning and Probate.
Topic of Discussion: Some Proposed Tax Changes
(1) Replace (7) personal tax brackets.
2.) Head of household filing status eliminated
3.) Standard deduction increased, exemption(s) eliminated
4.) Alternative Minimum tax - eliminated
5,) Business - Corporation Income tax rate change
6.) Interest Income, Capital gain tax
