July 25, 2019

Roger Colinvaux, director, law and public policy program, and professor, law was quoted in American Progress about individual tax expenditure policy in the aftermath of the December 2017 tax law, known as the Tax Cuts and Jobs Act (TCJA).

..."Roger Colinvaux, professor of law at Catholic University’s Columbus School of Law, explains that for a $1,000 gift, a taxpayer’s tax break could be $370, $320, $220, $120 or $0, depending upon their tax bracket and, again, whether they itemize at all.32 He also points out that the amount of the credit would vary over the years as changes in the tax rates are enacted."...

Continue reading on American Progress 

Related News