Income Tax Reform: The Central Great Plains Before and After

dc.contributor.authorMartin, James A.
dc.dateAugust 2022
dc.description.abstractThe Tax Cuts and Jobs Act (TCJA) was passed into law in 2017. Positioned as a step toward tax simplification for individual taxpayers, the tax law changes largely began to take effect in 2018. The key elements of the act which targeted simplification were increases in the standard deduction and additional limitations on itemized deductions. The act also eliminated tax exemptions for dependents and lowered tax rates for most individuals. The impact on taxpayers was immediate. This paper analyzes direct impacts of the TCJA on Central Great Plains States (Kansas, Nebraska, North Dakota and South Dakota) taxpayers by comparing taxpayer attributes before and after the law's implementation. The paper also analyzes other tax attribute changes during the period for the Central Great Plains States region which were unrelated to the TCJA. The paper concludes with an analysis and comparison of tax attributes for the Central Great Plains States and the nation as a whole after the effective date of the TCJA.
dc.description.sponsorshipKaw Valley Bank
dc.identifier.otherSchool of Business Working Paper Series; No. 245
dc.publisherWashburn University. School of Business
dc.subjectTax Cuts and Jobs Act (TCJA)
dc.subjectCentral Great Plains States
dc.subjectTax law
dc.titleIncome Tax Reform: The Central Great Plains Before and After
dc.typeWorking Paper
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