Re: Details of Proposed Tax Plan
My quick estimate is I'd get about 1500 back in my pocket vs what I'd be paying this year. better than I thought when I did earlier calculations on the subject. I read this morning (ZH again), that they were thinking of having the corporate tax cut only good for 10 years, then go back up to what it is now. Skeptical ZH commenters questioned how many business CEOs would repatriate and do cap ex for operations here if tax cut only good for 10 years. Guess we'll see if this does play out.
Being as how I was thinking of starting 2-3 inter-related small businesses post-retirement in 2-4 years, I don't know at this point how these changes would affect those ideas. especially since I haven't figured out what kind of biz set up would work best for those ideas. single proprietorships generally end up as pass through and rate as personal income as I understand it.
"life can only be understood backwards, but it must be lived forwards" - soren kierkegaard
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