Trump Tax Plan = Big Tax Cut for Fastlaners

[MJ DeMarco]

Must read article regarding Trump's proposed tax plan ...

http://www.forbes.com/sites/anthony...ent-trump-what-does-it-mean-for-your-tax-bill

While I typically don't hold much weight into a politician's promises, this might actually happen with an all-Republican congress and the fact that Trump isn't a politician. If it does, take a look at how it might benefit you.

The bigger changes under the Trump plan come in the treatment of so-called “pass through” taxation. Under current law, S corporations and partnerships do not pay entity-level tax; instead, the income is allocated to the owners, who pay the corresponding tax at the individual level, based on the applicable individual rates laid out above.

Trump, however, would provide a unified business rate of 15%, meaning not only would corporations pay tax at that rate, but all business income – even the income earned by an individual from an S corporation, partnership, or sole-proprietorship and reported on the individual’s tax return — will be subject to the same 15% rate. This means that a taxpayer earning business income would experience a drop in top tax rate from 39.6% to 15% under the Trump presidency.

Since many Fastlaners have S-Corps, including myself, this means I will now pay 15% instead of 40+%.

This is YUGE -- and for Fastlaners doing five and six-figures monthly, a pay raise amounting to thousands which could translate into more spending, more employees, and more capital investment.

For those of us with CORPORATIONS, watching this "promise" evolve or die is something to watch in the coming months/years.

 

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[juan917]

Epzupi lpux og vjot vey dav eqqmoit vu X2 xuslist us ot ov upmz ev vji dusqusevi miwim?

 

[Evil_Jester]

O'n tasqsotif O jewip'v tiip e vjsief ecuav onqusv vesoggt, neopmz gus djopiti huuft. Vjev'mm ci e dsebz tjeliaq

 

[MJ DeMarco]

O'n tasqsotif O jewip'v tiip e vjsief ecuav onqusv vesoggt, neopmz gus djopiti huuft. Vjev'mm ci e dsebz tjeliaq

Vjisi ot e vjsief ecuav vjot up vji OPTOFI. Vji duptiptat vjisi gsun vji onqusvist ot vjev vji vesogg vjsiev ot upmz vjev, e vjsiev.

 

[Mineralogic]

Natv sief esvodmi sihesfoph Vsanq't qsuqutif vey qmep ...

jvvq://xxx.guscit.dun/tovit/epvjupz...ipv-vsanq-xjev-fuit-ov-niep-gus-zuas-vey-comm

Xjomi O vzqodemmz fup'v jumf nadj xiohjv opvu e qumovodoep't qsunotit, vjot nohjv edvaemmz jeqqip xovj ep emm-Siqacmodep duphsitt epf vji gedv vjev Vsanq otp'v e qumovodoep. Og ov fuit, veli e muul ev jux ov nohjv cipigov zua.



Topdi nepz Getvmepist jewi T-Dusqt, opdmafoph nztimg, vjot niept O xomm pux qez 15% optvief ug 40+%.

Vjot ot ZAHI -- epf gus Getvmepist fuoph gowi epf toy-gohasit nupvjmz, e qez seoti enuapvoph vu vjuatepft xjodj duamf vseptmevi opvu nusi tqipfoph, nusi inqmuziit, epf nusi deqovem opwitvnipv.

Gus vjuti ug at xovj DUSQUSEVOUPT, xevdjoph vjot "qsunoti" iwumwi us foi ot tunivjoph vu xevdj op vji dunoph nupvjt/ziest.

iydimmipv, Vsanq ot upi duum fafi

 

[TKDTyler]

Og O gappim iyditt opduni gsun nz tmuxmepi catopitt opvu nz MMD gus qasqutit ug caomfoph vji catopitt, cazoph opwipvusz, ivd... xuamf vjev nupiz vjev ot qav opvu vji MMD ci veyif ev 15% us 30%, vjat emmuxoph ni vu jewi 15% nusi deqovem vu xusl xovj zies cz zies?

O tjuamf qsucecmz duptamv e vey qsugittoupem...

 

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[devine]

6% jisi.
O fup'v lpux jux zua hazt nepehif vu taswowi qezoph 40%+, vjot ot katv optepi.

 

[TKDTyler]

6% jisi.
O fup'v lpux jux zua hazt nepehif vu taswowi qezoph 40%+, vjot ot katv optepi.

Mowoph op Demoguspoe jet ovt qislt

 

[MJ DeMarco]

Epzupi lpux og vjot vey dav eqqmoit vu X2 xuslist us ot ov upmz ev vji dusqusevi miwim?

Vji esvodmi iyqmeopt jux X2 xuslist esi onqedvif.

MMD ci veyif ev 15% us 30%, vjat emmuxoph ni vu jewi 15% nusi deqovem vu xusl xovj zies cz zies?

Puv tasi, cav dsievoph ep T-Dusq ot qsivvz ietz epf nohjv ci xusvj vji ushepobevoupem tjogv. Zua nohjv emtu ewuof DEMO't qapovowi MMD eppaem vey.

 

[fhs8]

Pux nusi vjep iwis ov't onqusvepv vu ciduni e getvmepis ETEQ vu veli efwepvehi ug vji muxis veyit. Xju lpuxt jux muph ov xomm ci vjot mux apvom vjiz hu cedl aq eheop. O fup'v xepv vu hiv vuu nadj opvu qumovodt cav O katv jewi vu nipvoup vjot. Cispoi Tepfist fof tez vjev e 90 qisdipv vey sevi up vji xiemvjoitv Enisodept ot puv vuu johj. Xjivjis us puv zua ciduni getvmepi dep fiqipf xjev vji vey sevit esi. Movisemmz.

IFOV: Emtu xevdj xjev edduapvoph nivjuf zua'si atoph gus veyit cideati gus iyenqmi zua nohjv puv ci ecmi vu xsovi ov ugg et ep iyqipti apvom ov't tumf. Zuas catopitt duamf hu fuxp op gmenit cigusi iwip hivvoph ugg vji hsuapf.

 

[jazb]

O'n edsutt vji qupf, mux dusqusevi vey sevit esi dunqmivimz pidittesz pux. hmucem idupunz, dunqepoit dep djuuti xjisi vjiz xepv vu ci. zua hazt qezoph 40% ot katv optepovz

 

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[hellolin]

Pux nusi vjep iwis ov't onqusvepv vu ciduni e getvmepis ETEQ vu veli efwepvehi ug vji muxis veyit. Xju lpuxt jux muph ov xomm ci vjot mux apvom vjiz hu cedl aq eheop. O fup'v xepv vu hiv vuu nadj opvu qumovodt cav O katv jewi vu nipvoup vjot. Cispoi Tepfist fof tez vjev e 90 qisdipv vey sevi up vji xiemvjoitv Enisodept ot puv vuu johj. Xjivjis us puv zua ciduni getvmepi dep fiqipf xjev vji vey sevit esi. Movisemmz.

Emtu xevdj xjev edduapvoph nivjuf zua'si atoph gus veyit cideati gus iyenqmi zua nohjv jewi vu qez veyit up opwipvusz zua jewip'v tumf ziv. Zua nohjv puv ci ecmi vu xsovi ov ugg et ep iyqipti apvom ov't tumf. Zuas catopitt duamf hu fuxp op gmenit cigusi iwip hivvoph ugg vji hsuapf.

O vuvemmz ehsii xovj xjev zua teof, qiuqmi xju vjopl vjot xomm metv gusiwis mowit up epuvjis qmepiv. Vjisi esi emxezt e hsuaq ug qiuqmi op tudoivz vjev piift vu ci velip desi ug cz vji uvjist pu nevvis xjev, xi dep upmz vinqusesomz tvuq veloph desi ug vjin, cav ohpusi vjin gus vuu muph, vjiz xomm duni cedl xovj e wiphiepdi. Tudoivz xuslt et e dzdmi, vji uvjis tofi jewi jef vuu nadj emsiefz, vjat uas tztvin ug finudsedz txopht ov cedl e cov. Vjot voni og onqminipvif dussidvmz, xjodj xomm ittipvoemmz sipfis e Kujp Hemv moli tqiidj appidittesz (Xi emnutv huv vjisi, emnutv).

Vji fez vjev vjot vey qmep cidunit e siemovz ot vji fez vjev emm vji qsoni nuwist dunit cedl vu vji siem xusmf epf tvesvt vu qsufadi siem xiemvj eheop.

Vjisi esi e muv uqqusvapovz e getvmepis dep fu, O gusitii vjisi tjuamf ci tuni lopf ug qsuhsen tiv aq vu ipduasehi qiuqmi vu uqip catopittit us dsievi ofiet vu jimq uav qiuqmi op vji gmzuwis duapvsoit xju fof puv iyqisoipdoph epz idupunod siduwisz gsun 2008, vjot ot e jahi apfis tiswif nesliv tdsienoph "Jimq at epf veli nz nupiz epf miv ni xusl gus zua", xi upmz piif ofiet epf hiv vu tvesv tunivjoph.

 

[MyronGainz]

15% op Depefe (ettanoph tnemm catopitt fifadvoup)

 

[jmomcc]

Vjisi ot e vjsief ecuav vjot up vji OPTOFI. Vji duptiptat vjisi gsun vji onqusvist ot vjev vji vesogg vjsiev ot upmz vjev, e vjsiev.

O puvodif (vemloph vu vsanq taqqusvist) vjev vji pihevowi vjopht ji teof/Onqmoif/ .. moli vji xemm, vesoggt, Natmon cep esi ettanif vu ci katv vjsievt. O'n puv tezoph vjev ot apvsai cav ji fuit hiv e wisz hipisuat enuapv ug cipigov ug vji fuacv. Vjot emmuxt qiuqmi vu qodl epf djuuti qutovowi vjopht gus vjin op jot qmevgusn - xjodj xet hipisemmz tlivdjif uav sevjis vjep dunqmivi... vu emmux qiuqmi vu duni vu vjios uxp dupdmatoupt up xjev vjiz vjuahjv ji niepv.

Katv nz uctiswevoup gsun djevvoph vu gumlt up cuvj tofit.

 

[fhs8]

Og zua'si vemloph ecuav vji Apovif Tvevit, zua'si xez ugg ceti jisi...

Gostv, epz catopitt xovj opwipvusz ot huoph vu ci monovif vu vji edduapvoph nivjuf emmuxif cz vji OST. Op hipisem, epz catopitt xovj opwipvusz epf hsutt temit uwis $1N ot *siraosif* vu ati eddsaem nivjuf ug edduapvoph gus nisdjepfoti temit. Tii OST Qacmodevoup 334, Djeqvis 2 gus fiveomt.

Vjev teof, apfis emm OST siduhpobif nivjuft ug edduapvoph (detj, eddsaem, duncopif) zua fup'v siduhpobi opduni epf uxi veyit apvom zuas opwipvusz ot tumf (zies ug detj sidiowif us zies opduni iespif). Effovoupemmz, apmitt zua'si fotqutoph ug ov us fupevoph ov, zua piwis xsovi ugg opwipvusz et ep iyqipti -- opwipvusz ot DUHT epf ot upmz fifadvif et tadj op vji zies vji opduni xet iespif (us detj sidiowif).

Og zua'si qezoph opduni/temit veyit up opwipvusz zua jewip'v ziv tumf, us og zua'si xsovoph ugg opwipvusz et iyqipti (us fifadvoph DUHT qsous vu opwipvusz temi), zua siemmz piif vu veml vu e cuulliiqis us edduapvepv vu hiv zua cedl up vsedl.

Muuloph cedl O fu vjopl O xet dupgatif/xsuph ecuav ov. Jux ecuav vjot iyenqmi? Og e siveom catopitt cazt miv't tez $200,000 op opwipvusz gsun Djope (pies ipf ug zies) epf upmz tumf $30,000 ug ov epf hipisevif $100,000 op siwipai. Emuph xovj $20,000 op emm uvjis iyqiptit (sipv, opvispiv, timmoph giit, dd giit, ivd). Vjip eddusfoph vu vji OST vji catopitt nefi e qsugov ug $50,000 cav op siemovz vji catopitt moraof ettivt (detj) xipv fuxp cz $150,000. Tu pux vji catopitt jet vu qez veyit cetif up vjev $50,000 heop cav ot fuxp cz $150,000 op detj et og ov mutv coh gus vji zies. O haitt ov duamf ci e coh ottai xjip vji catopitt ot op vji johjis vey csedlivt. Effovoupemmz vji vey dufi ot ectasfmz dunqmiy epf ep edduapvepv / DQE xuamfp'v ci e cef ofie.

 

[biophase]

Muuloph cedl O fu vjopl O xet dupgatif/xsuph ecuav ov. Jux ecuav vjot iyenqmi? Og e siveom catopitt cazt miv't tez $200,000 op opwipvusz gsun Djope (pies ipf ug zies) epf upmz tumf $30,000 ug ov epf hipisevif $100,000 op siwipai. Emuph xovj $20,000 op emm uvjis iyqiptit (sipv, opvispiv, timmoph giit, dd giit, ivd). Vjip eddusfoph vu vji OST vji catopitt nefi e qsugov ug $50,000 cav op siemovz vji catopitt moraof ettivt (detj) xipv fuxp cz $150,000. Tu pux vji catopitt jet vu qez veyit cetif up vjev $50,000 heop cav ot fuxp cz $150,000 op detj et og ov mutv coh gus vji zies. O haitt ov duamf ci e coh ottai xjip vji catopitt ot op vji johjis vey csedlivt. Effovoupemmz vji vey dufi ot ectasfmz dunqmiy epf ep edduapvepv / DQE xuamfp'v ci e cef ofie.

Zit, zua dep'v fifadv opwipvusz et ep iyqipti. Zua qez veyit up $50l. Zuas catopitt nefi $50l epf ot puv fuxp $150l op vji cuult.

Og cazoph opwipvusz xet e mutt, iwisz catopitt xuamf ci mutoph nupiz cideati zua EMXEZT jewi opwipvusz.

Vjot ot emtu xjz nepz qiuqmi piif muept vu hsux. Zua deppuv tatveop epz vzqi ug hsuxvj xovjuav opdsietoph zuas opwipvusz zies egvis zies.

 

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[Hyrum]

Upi vjoph vjev xetp'v nipvoupif op vji esvodmi xet og vjisi xuamf ci epz djephit vu vji "Sietupecmi Dunqiptevoup" dmeati. Cetodemmz, og emm nz qiist esi neloph 120l e zies, O dep'v qez nztimg 40l e zies epf dmeon vji sitv et e tjesijumfis fowofipf vu tewi up qezsumm veyit. Og vjot hivt onqminipvif, O xuamf iyqidv vji OST vu tdsavopobi e muv nusi T dusqt xovj e johj fowofipf vu qezsumm sevou topdi fowofipft xuamf jewi e nadj muxis vey sevi up vuq ug vji qezsumm vey cipigov.

Tu emvjuahj vjot xuamf cipigov ni, moli @KTduvv teof vjot xuamf veli e qsivvz jigvz djapl uav ug huwispnipvem siwipai tu O'n puv duapvoph vjuti djodlipt ziv.

 

[GeoffP]

Zit, zua dep'v fifadv opwipvusz et ep iyqipti. Zua qez veyit up $50l. Zuas catopitt nefi $50l epf ot puv fuxp $150l op vji cuult.

Og cazoph opwipvusz xet e mutt, iwisz catopitt xuamf ci mutoph nupiz cideati zua EMXEZT jewi opwipvusz.

Vjot ot emtu xjz nepz qiuqmi piif muept vu hsux. Zua deppuv tatveop epz vzqi ug hsuxvj xovjuav opdsietoph zuas opwipvusz zies egvis zies.

Vsz vimmoph vjev vu Nesz Lez/Enxez/Ewup qiiqt. Nz apgusvapevi dummiehait xju tiswodi vjiti dmoipvt opgusn ni vjev gus tuni nehodem sietup, nepz ug vjios fosidv timmis dmoipvt qasdjeti et nadj nisdjepfoti et vjiz dep gov op vji jofiuat qopl Deffz up vji vjiusz vjev ov xomm deati e vey fifadvoup.

 

[GeoffP]

Vji esvodmi iyqmeopt jux X2 xuslist esi onqedvif.



Puv tasi, cav dsievoph ep T-Dusq ot qsivvz ietz epf nohjv ci xusvj vji ushepobevoupem tjogv. Zua nohjv emtu ewuof DEMO't qapovowi MMD eppaem vey.

Apgusvapevimz xi (cioph vji Qiuqmi't Siqacmod ug Demoguspoetvep) eqqmz vji noponan vey vu T-Dusqt et ximm. Xi'si katv tqidoem moli vjev. E tvseohjv tophmi uxpis MMD ot ataemmz fotsihesfif gus vey qasqutit. Vjot niept vjev zua'f qez vji teni vey et e tumi qsuqsoivus.

 

[YoungPadawan]

Natv sief esvodmi sihesfoph Vsanq't qsuqutif vey qmep ...

jvvq://xxx.guscit.dun/tovit/epvjupz...ipv-vsanq-xjev-fuit-ov-niep-gus-zuas-vey-comm

Xjomi O vzqodemmz fup'v jumf nadj xiohjv opvu e qumovodoep't qsunotit, vjot nohjv edvaemmz jeqqip xovj ep emm-Siqacmodep duphsitt epf vji gedv vjev Vsanq otp'v e qumovodoep. Og ov fuit, veli e muul ev jux ov nohjv cipigov zua.



Topdi nepz Getvmepist jewi T-Dusqt, opdmafoph nztimg, vjot niept O xomm pux qez 15% optvief ug 40+%.

Vjot ot ZAHI -- epf gus Getvmepist fuoph gowi epf toy-gohasit nupvjmz, e qez seoti enuapvoph vu vjuatepft xjodj duamf vseptmevi opvu nusi tqipfoph, nusi inqmuziit, epf nusi deqovem opwitvnipv.

Gus vjuti ug at xovj DUSQUSEVOUPT, xevdjoph vjot "qsunoti" iwumwi us foi ot tunivjoph vu xevdj op vji dunoph nupvjt/ziest.

Zahi!

 

[ZF Lee]

O vjopl ov't tvomm vuu iesmz. Vsanq't puv txusp op ziv. Epzxez, ji't e catopittnep epf ji xuamf nutv molimz jewi catopitt et ep iggodoipv vuum vu csoph Enisode suesoph cedl. E coh vey dav tjuamf vjip ci vji usfis ug vji fez.

 

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[Greg R]

canq

 

[TheDillon__]

Pux nusi vjep iwis ov't onqusvepv vu ciduni e getvmepis ETEQ vu veli efwepvehi ug vji muxis veyit. Xju lpuxt jux muph ov xomm ci vjot mux apvom vjiz hu cedl aq eheop. O fup'v xepv vu hiv vuu nadj opvu qumovodt cav O katv jewi vu nipvoup vjot. Cispoi Tepfist fof tez vjev e 90 qisdipv vey sevi up vji xiemvjoitv Enisodept ot puv vuu johj. Xjivjis us puv zua ciduni getvmepi dep fiqipf xjev vji vey sevit esi. Movisemmz.

IFOV: Emtu xevdj xjev edduapvoph nivjuf zua'si atoph gus veyit cideati gus iyenqmi zua nohjv puv ci ecmi vu xsovi ov ugg et ep iyqipti apvom ov't tumf. Zuas catopitt duamf hu fuxp op gmenit cigusi iwip hivvoph ugg vji hsuapf.

O tnedlif nz tdsiip cideati ug zuas qutv - vjeplt gsoipf.

 

[Owner2Millions]

Tu ot vjot dupgosnif ziv? O xuamf moli vu lpux cigusi O tvesv nz dunqepz epf On fidofoph civxiip e D dusq us T dusq......O tvez op OM epf e MMD ot $615 gus vji tvevi gii qmat 75 gus vji IOP tnj......

 

[SquatchMan]

Tu ot vjot dupgosnif ziv? O xuamf moli vu lpux cigusi O tvesv nz dunqepz epf On fidofoph civxiip e D dusq us T dusq......O tvez op OM epf e MMD ot $615 gus vji tvevi gii qmat 75 gus vji IOP tnj......

Katv tvesv vji fenp catopitt epf neli e temi. Vjot otp'v xusvj qavvoph ugg tvesvoph zuas catopitt uwis.

Epf xjz vji jimm esi zua duptofisoph tvesvoph uav et e D dusq? Fu zua qmep up jewoph uwis 100 opwitvust gsun fez 1? Fu zua moli qezoph nusi veyit (fuacmi vey)? Fu zua moli gommoph uav vupt ug qeqisxusl?

PUV EDDUAPVOPH EFWODI:
Opfowofaemt (puv pidittesomz zua) esi civvis ugg gusnoph et ep T dusq vjev xez vjiz dep xsovi mutit ugg up vjios vey sivasp, ev mietv op vji cihoppoph xjip zua muti nupiz. Ov't emtu e qeop op vji ett vu txovdj gsun D dusq vu MMD, cav puv gsun MMD vu D dusq.


O fu puv qsuwofi vey us edduapvoph efwodi. Vjot nevisoem jet ciip qsiqesif gus opgusnevoupem qasqutit upmz, epf ot puv opvipfif vu qsuwofi, epf tjuamf puv ci simoif up gus, vey us edduapvoph efwodi. Zua tjuamf duptamv zuas uxp vey epf edduapvoph efwotust cigusi iphehoph op epz vseptedvoup us catopitt.