The U.S. Congressional Research Service (CRS) has published a report dated 13 August 2024 on Marginal Effective Tax Rates on Investment and the Expiring 2017 Tax Cuts. The report summary is as follows:
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Marginal Effective Tax Rates on Investment and the Expiring 2017 Tax Cuts
P.L. 115-97, commonly referred to as the Tax Cuts and Jobs Act (TCJA), made significant changes impacting taxes on new investment. Some provisions enacted by the TCJA, such as a reduction in the corporate tax rat…