The Tax Cut Jobs Act of 2017 included which of the following changes?

The Tax Cut Jobs Act of 2017 included which of the following changes?

 

  • a new preferential tax regime applied to some pass-through income from partnership, limited liability companies, and Subchapter S corporations.

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  • changes in the taxation of foreign-source income.

  • a large reduction in the corporate tax rate from 35% to 21%