Note this summary by Kathryn Sharp, CPA is based on the analysis by from the non-partisan Tax Foundation.
Link: The Tax Foundation
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This content supports Kathryn Sharp, CPA’s marketing of professional services and is not written tax advice directed at the particular facts and circumstances of any person. If you are interested in the topics presented herein, I encourage you to contact me or an independent tax professional to discuss their potential application to your particular situation. Nothing herein shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter addressed herein. To the extent this content may be considered to contain written tax advice, any written advice contained in, forwarded with or attached to this content is not intended by Kathryn Sharp, CPA to be used, and cannot be used, by any person for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.