The new US tax law, explained with cereal

Open access Business community for sharing, mentoring, and self-promotion! National Business Forum, Business Directory, and Shop

The new US tax law, explained with cereal

Thanks! Share it with your friends!

You disliked this video. Thanks for the feedback!

FInd huge savings on retail prices at DailySale.com
Added by admin
165 Views
We\'re a few Crunch Berries short, friends.

Subscribe to our channel! http://goo.gl/0bsAjO

Vox.com is a news website that helps you cut through the noise and understand what\'s really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.

Check out our full video catalog: http://goo.gl/IZONyE
Follow Vox on Twitter: http://goo.gl/XFrZ5H
Or on Facebook: http://goo.gl/U2g06o

There’s a new tax law in town. It passed without a single vote from Democrats in the House or the Senate, and it’s a huge windfall for the richest Americans, including President Donald Trump.

But Republicans didn’t just want any new tax law, they wanted to reform the tax code. To give the richest Americans a big tax cut while still funding the government’s essential functions, like building roads and flying fighter jets, the GOP needed to find tax revenue somewhere else. To do that, they had to start taxing income that used to be tax-free, by closing loopholes and eliminating deductions.

If all of that sounds boring and confusing, fear not. We’ve broken it down in this video. Just don’t blame us if it leaves you craving cereal.
Category
Learn the U.S. tax code
Tags
US tax code, new tax law explained, new tax law, tax, tax law, tax code explained

Post your comment

Sign in or sign up to post comments.

Comments

Be the first to comment