Uncle Sam is getting less after the White House and Congress agreed to cut taxes — but not the guy with the green eye shade. At least not yet.
Americans spent about $44 billion on accounting, tax preparation, bookkeeping and payroll services in the fourth quarter of 2017 — about $1 billion higher than a year earlier, according to the U.S. Census Bureau.
That translates to about $135 per person.
An estimated 65 percent of taxpayers will receive a tax cut in 2018, according to the Tax Policy Center, averaging $2,200 from the new law’s individual provisions.
— With assistance by Erik Wasson
Luke Sharrett/Bloomberg
