What’s the relationship between GDP growth and inflation? GDP growth = inflation + productivity growth, right?
Ok, time for me to find articles on best approach to take advantage of all the tax provisions…
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It’s a little more complex, but that’s a good starting point. Productivity growth has lagged. It’ll be interesting to see if investment increases which should improve productivity.
If productivity does not pick up, robots can take over the jobs and make the productivity growth equals GDP growth and reduce inflation to 0
Wow, so employees are getting some of the tax savings. Imagine that.
Hope it trickles down to us landlords…lol
This made me laugh: “But Democrats counter that the bill is a brazen effort to loot the American government”
I didn’t realize the government was entitled to the money people earn through their own work.
Wow, another company increasing pay and having bonuses after tax reform passes.
If we do get 4% GDP growth next year, someone should make a list of all the economists who said it’d never happen. Then we can revoke their publishing rights, since no one should be forced to read their garbage.
This thing just keeps getting better:
It’s hard to say you’re a “non-profit” helping people then turn around and pay people over $1M/yr.
No, government has been looting its people for too long. Only in a communist country, government owns everything and people live on the mercy of their government
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Some people, really, really, are so stupid!
Xmas for lanlords…Helps salve the sting of the SALT loss.
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More winning for employees and charity:
“$100 million for corporate giving, with funds used to support demand for employee gift-match programs and for investments in Boeing’s focus areas for charitable giving: in education, in our communities, and for veterans and military personnel.
$100 million for workforce development in the form of training, education, and other capabilities development to meet the scale needed for rapidly evolving technologies and expanding markets.
$100 million for “workplace of the future” facilities and infrastructure enhancements for Boeing employees.”
Trump has fulfilled his great promise ! It is historic achievement esp corporate tax !!
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Is schedule E qualified for pass through deduction? Should we switch to schedule C to get 20% deduction on rental income?
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Can Trump just sign the damn thing and retire…He got what he wanted…Not really interested in foreign policy or governance
I think you have to be a real estate professional to benefit…
I don’t think the pass though 20% reduction applies for part time investors
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After the 20% deduction, rest of the rental income will be taxed in individual rate, not corporate rate. Essentially you save 20% tax at your marginal rate.
But you’ll lose the state income tax deduction, assuming your property tax is 10k. Assuming 10% state income tax, you really only get 10% deduction.
Say if your marginal rate is 32%, you will save 3.2% of your gross income. That means that your after tax income increased by roughly 4%…
Are you happy with the 4% raise next year? If you do not care, at least the economy may boom and bring your more appreciation and rent increase.
In total, it’s a great tax bill.
Yes but I think you have to have a real estate business to qualify…llc, s Corp or sole proprietorship
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