James Walsh wrote: That often gets lost in the conversation about the new tax law, but shouldn't, because it's important.
The bill was signed into law by President Donald Trump on December 22, 2017. Most of the changes introduced by the bill went into effect on January 1, 2018, and did not affect 2017 taxes.
first line of this story
Of the 150,272,157 tax returns filed
for the 2016 tax year,
50,219,667â€”or 33.4 percent--were classified by the Internal Revenue Service as â€śnontaxable returns,â€ť meaning the people who filed them paid $0 or less in income taxes, according to data published by the Statistics of Income Division of the IRS
Please note that while there is truth in what you say Youth in Asia the story is about Tax Return Filers and further clarification is given in the addendum to the story