The Congress has passed, and the President is expected to sign, legislation which will, in effect, maintain Federal income tax rates at the levels which have been in effect for several years.
So what will be the impact for you and your company? The tax and accounting publisher CCH has a good rundown which might be worth your perusal.
See Also: Marginal Tax Rate Prepaid Income Tax Ad Valorem Tax Deferred Income Tax Cash Flow After Tax Tax Brackets What are tax brackets? Tax brackets are levels of taxation determined by income. Individuals with income falling within a certain tax bracket pay taxes according to the stated rate for that bracket. Typically, lower income