Detailed text transcripts for TV channel - MSNBC - 20171218:16:06:00
The estate tax stays but the threshold doubles. $11.2 million for couples. $5.49 million for singles. until your estate is worth this much, you don't get hit by the tax. obamacare mandate to buy health insurance, totally eliminated in 2019. we'll talk about what this means a little later in the show. for businesses, unlike the tax cuts for individuals, those cuts are permanent. the top tax rate is lowered from 35% to 21%. again, 35% is the statutory rate. the average rate businesses pay is 18.6%. the 36% is being lowered to 21%. a lot of loopholes haven't been closed, so a lot of businesses wi...
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