Proposed USA Tax Cuts: 15% for Businesses

[AgainstAllOdds]

We speculated about this back in November, but now it's officially announced. Congress still has to approve, but worth looking at:

"...its centerpiece will be a 15 percent business tax rate, which would apply not only to corporations, but also to small businesses and other large owner-operated conglomerates"

https://www.nytimes.com/2017/04/26/us/politics/trump-tax-cut-plan.html

More reason to get into the fastlane or grow your business.

What do you guys think?

 

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[jon.a]

It's just a wishlist. It has no more value than an idea has here.

 

[MidwestLandlord]

It's just a wishlist. It has no more value than an idea has here.

Bet you $1,000 forum dollars it never gets to 15%

Can't have the evil businessmen paying less, now can we?

 

[MJ DeMarco]

Anything that requires Congress to agree on anything is a long-shot.

Can't have the evil businessmen paying less, now can we?

Damn straight. Those evil business owners, how dare they keep more of their own money and possibly employ more people?! Insane!

 

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[AgainstAllOdds]

Trump agrees to renegotiate NAFTA with Canada, Mexico leaders

NAFTA will be renegotiated. Huge implications for stocking inventory from countries that are already cheaper than Mexico. When prices get increased on customers, you can swoop in with a better price than they were buying before.

 

[Raoul Duke]

Can't have the evil businessmen paying less, now can we?

It’s Basically Just Immoral To Be Rich.

 

[458]

Wrong approach any way. The correct move is to reduce 940 and 941 taxes charged to businesses. This move would be immediately be felt by every business nationwide and would immediately produce results. Then make up the difference with reducing BS refundable credits for people with 80 kids.

 

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