WebDec 28, 2024 · One of the biggest results of Trump’s tax cuts was lowering the corporate income tax rate to 21% from 35%. This change appears to have benefited businesses greatly, because the corporate income tax payments collected by the IRS decreased by 22.4% from 2024 than 2024. WebDec 23, 2024 · A last-minute Trump administration rule could lower restaurant workers’ wages by $700 ... The new Tip Regulations under the Fair Labor Standards Act rolls back …
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