JUSTIN LANE/POOL/EPA-EFE / Shutterstock / JUSTIN LANE/POOL/EPA-EFE / Shutterstock The 2017 Tax Cuts and Jobs Act (TCJA), signed by then-President Trump, was the most recent major overhaul to the IRS tax code. However, the legislation was criticized — by his opponents — for favoring corporations and wealthy taxpayers at the expense of middle class and…
/ SplashNews.com / / SplashNews.com If President-electDonald Trump is able to appoint billionaire Elon Musk and former Republican presidential candidate Vivek Ramaswamy to oversee a Department of Government Efficiency (actually a nongovernment advisory group), one of Musk’s stated interests (which aligns with Trump’s) is to simplify the tax code. Find Out: 7 Tax Loopholes the…