Corporate tax bill from 20% to 21%
Some other details from Washington
- Corporate tax 21% from 20% starting in 2018
- Top individual rate down to 37%
- The mortgage interest deduction would go to loans up to $750K
- Pass thru deduction at 20%
The corporate tax rate is a touch higher but raising the mortgage deduction amount and lowering the top individual tax rate counters that small rise.
