Why the world needs jazz dance studios
Jazz dance studio owners and investors are getting ready to sell their businesses in the wake of the Trump administration’s tax overhaul, according to a report from the Financial Times.
Trump signed the bill into law on Thursday that lowers the corporate tax rate to 20 percent and lowers the top rate from 39.6 percent to 25 percent, though the new tax rules do not extend to individual earners.
While the bill’s revenue loss is expected to be limited by the fact that it does not affect the top rates on individuals and businesses, some analysts predict that the tax bill will have a significant impact on the overall business climate in the country, the FT reported.
“I think the tax cut is going to affect people,” a jazz dance producer who asked not to be identified told the FT.
“But I think the overall economic environment is going a bit better.
I don’t think it’s going to change anything.
The country is already going through a lot of changes and the country has been through a really bad economic downturn.
The government has been cutting taxes in many ways, but there’s not going to be a lot more cutbacks in the tax system because of the tax reform.
I think that’s going be good for the economy.
Some people are actually really upset by the tax changes,” he added.
“They are actually angry and really want to see some changes in the economy.”
The jazz dance business has historically been a strong contributor to the American economy, and many have been reluctant to sell, but many say they will do so if the tax plan is passed, according the FT, which said the business could be worth $250 million to $300 million by 2025.
Although the tax cuts are expected to have a large impact on people’s incomes, many of them have already made their decision and are likely to be ready to move forward with the business, the report said.
Business owners in states such as Maryland, Pennsylvania and Wisconsin who are facing high unemployment rates will also see some economic gains from the tax relief, the paper said.
“There’s a big business here in Maryland, and I think it could go from being a $25 million business to being a half a billion business by 2025,” the jazz producer said.
The move could also help boost the state’s economy.
The Maryland Economic Development Corporation estimates that the state could see an economic boost of more than $50 million in 2017 if businesses start to invest in their workforce.
In other states, the jazz dance industry could also benefit from the changes, including New Jersey, where businesses are already seeing a boost in sales and the number of employees is expected rise, the Financial New York reported.