Posts: 74607
From: From a galaxy, far, far away...
Registered: Apr 2009

posted January 22, 2017 12:52 PM            

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Obamacare is about to be scrapped with budget reconciliation. A second reconciliation will cover tax reform. Eliminating Obamacare also eliminates 20 separate taxes and is a billion dollar tax cut. Ryan wanted a 25% coporate tax, and trump wanted 15%, so it may only be 20%, but the death tax is history, and businesses will be able to write off expenses fully in the same year without spreading them over years (a huge boon to the economy and job creation). We will know all about the new tax plan within 100 days, so people and businesses can plan accordingly, but it won't be completed till summer or fall; however, it will go back and start at January 1 of 2017.

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Posts: 9971
From: Blue Star Kachina
Registered: Apr 2009

posted January 22, 2017 03:05 PM            

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Assuming tax reform is closer to the truth.

I don`t expect it to decrease the the 99% working tax class tho.

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Partial truth~the seeds of wisdom~can be found in many places...The seeds of wisdom are contained in all scriptures ever written… especially in art, music, and poetry and, above all, in Nature.

Linda Goodman

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