Run Your Tax Savings (or not)

Everybody has an opinion about the tax plan and they’re all mostly hot air, because — if history is a judge — it’s the unintended consequences that are usually the real nail-biter, and we don’t find out about them, for a few years yet.

However, I won’t lie, I am very optimistic and not just because they settled on a corporate rate structure I accurately predicted (20% to 22%!) while Trump was still campaigning, but because the bill looks to me anyway, like a big win for everybody who makes $400,000 and under. It’s a more complicated picture above that threshold, but these numbers — I think –will be further stimulative.

I only support the lowering of the tax rate however — if the crazy deductions are eliminated — but I think Trump has another angle he plans to pursue to clean that up, down the road. I consider this brilliant of him by the way, if he had included the deductions reduction regime in the bill — like I foolishly would have — corporate America would have pulled strings and his Senate votes would have disappeared. Trump is maturing into a wonderful politician and I think I’m the only person in Montgomery County Maryland who sees it.

Anyway, here is a tax calculator, you just click, enter (anonymously) a little data, and you can see how this final bill will effect you, come April.

http://taxplancalculator.com/calc

About karlspain

20 year Newspaperman. Lifelong Inventor. Wrote 2 books so far, working on more. The Revelation, 1st book, about your brain & the universe, and math. Hooked together! God I trust, America I love, 2nd book, is the biography of Aris Mardirossian, a great man. Also owned a software company, an IT integration company, a gas station and a fuzzy logic software title along the way.
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