Watched it. But they are only talking about average wage earners. For everyone on this forum it looks like we will benefit… Unless you have a really high mortgage…I bet even buyinghouse benefits…
I will benefit.
- In 10 years the non corporate part of the tax cuts expire??
- This country will be in an additional $1.5Trln debt
- At that point we will figure out if this Tax plan actually helped.
Anyways, I’m just providing viewpoints from different news channels.
Yeah watched her too. Sounded great talked with authority. Easy to do without any contrarian advocates… I bet she would wither under intense questioning…
okayyyy lets hope things work as DHT is predicting 
The current budget is almost $4t with $440b less revenue than spending… Future budgets will be $150b excess spending… 3% per year does not seem that bad… so the $20t deficit is increased $1.5t in 10 years… not that big a deal… how about spending cuts???
Sole proprietor qualifies as pass through. I guess the key is not a wage earner.
For pass through, it’s more like a flat tax rate of 21% on 80% of the profit. That’s equivalent to 16.8% flat tax rate. That’s an awesome deal when your profit is high. You can still count your health insurance as cost, maybe home office cost etc. This could turn America into an enterprising playground.
Maybe google can turn its employees into contractor and let them qualify as sole proprietor pass through entity.
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Did everyone miss Janet Yellen saying she thinks it’ll improve GDP growth next year? She’s only chair of the federal reserve.
Yeah with healthcare I will still pay more than a W2 wage earner till I am 65…
The dummy sold his soul for an increase of only $300 on the child tax credit. What a mother…er!
Check JILs tax calculator. Your opinion of lil Marco might change…
I don’t care about the results, it’s all about character. I don’t trust double face people, really. No spine, no integrity. Period!
Stay away from politics… it is dirty business and if you are just one of one hundred senators you have to compromise or nothing would ever get done in Washington. The compromisers get a ton of shit dumped on them… But without them there would be terminal deadlock. Tea Party on one side Pelosi on the other… Not one Democrat compromised… But all that means they had no influence on this bill at all…
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This will get some dudes mad.
We are seeing an increase of clients asking us to create them a tax free package, well, 95% discount, sorry, my bad. We are talking about people dealing with $1M investment at a time, cash!
This next year, it will be the best for me. Lots of stores, restaurants, self employed and whatnot people in need of pass through programs.
I just returned from the mall, this guy, a month ago challenged me to run him an illustration for $100K a year premium for an IUL. $20K cost per year, $80K returning to him as soon as the check is cashed by the insurance company. $80K earning as of now 12%-16%, we are using 4 indexing strategies. $400K of cost of insurance in 20 years will retire him with $300K a year until age 120. If he survives. He is barely 40 years old. Owns bunches of small stores at many malls in the bay area. He told me you find me at one of my stores, I am yours. I did this evening.
He didn’t like it. He thought I understood it was $100K a month! I almost died thinking about the commission, but I am here to help people, so my mentors and I will be making him a better plan than insurance. Of course, we are going to give him an IUL just for his living benefits. Money is not a problem for him. Gee he said, $500 a month it’s nothing for me.
I am already laughing of what a wonderful life is when you are happy…
Halfway there…
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“Many” that’s a clever word choice that makes it seem like most. They should put the actual percentage. It’s quite low. That’s the type of misleading wording that leads to a misinformed public. It will get people to react emotionally against the bill though.
Uh, stop the presses…
It passed. Let’s see if GDP growth hits 4% next year. Economists seem to think 4% growth is impossible.
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Now just figure how to live with the new rules
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