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MichaelKitces Profile picture
MichaelKitces
@MichaelKitces
One nerd’s perspective on the financial planning world… CFP, #LifelongLearner, Entrepreneur-In-Denial, Advisor #FinTech, & publisher of the Nerd’s Eye View blog
Dec 16, 2017 • 43 tweets • 15 min read
After last night's initial pass, reading through the Tax Cuts and Jobs Act legislative text in deeper detail today. Full write-up coming to Nerd's Eye View blog on Monday morning.

In the meantime, will be sharing some (threaded) highlights here... Original Tax Reform proposal from President Trump would have narrowed from 7 tax brackets down to 3. The House GOP proposal would have kept 4 brackets (plus a 5th phase-out bracket of 45.6% for upper income folks).

Final TCJA keeps the 7 tax bracket structure, but trims rates.