Tax Reform 2018: How Different Types of Taxpayers Will Be Impacted

There has been a lot of speculation and confusion about the impacts of the most recent tax reform, with many asking if they have to pay more taxes. Unfortunately, the answer is, “it depends.” With this in mind, the tax impact is demonstrated by looking at potentially real scenarios for five different types of taxpayers: trust beneficiaries, unretired company executive, company shareholder, family business owner, and family business employees.