The provision on tax rates for proprietorship, partnerships, and LLCs changed with the passage of the Tax Cuts & Jobs Act.
What is the Tax Cuts & Jobs Act?
The Tax Cuts & Jobs Act is a legislation that guides tax rate on income and addresses concerns about tax credit for employers.
In conclusion, the provision on tax rates for proprietorship, partnerships, and LLCs changed with the passage of the Tax Cuts & Jobs Act.
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