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How Would Law Firms Be Affected by Trump’s Tax Plan?

May 3, 2017

Via: FindLaw
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President Trump’s proposed tax plan — touted as ‘the biggest individual and business tax cut in American history’ — would be a big break for lawyers, too.

Compared to setbacks for the president’s travel bans and orders against sanctuary cities, the proposed plan is already a public relations success. Individuals would get to double standard deductions and avoid certain taxes, while corporations and partnerships would pay only 15 percent.

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