As 2017 drew to a close, Congress passed the Tax Cuts and Jobs Act, tax reform legislation that made sweeping changes to the Internal Revenue Code. When Congress last reformed the tax code in 1986, the legislative process took over two years. This time Congress accomplished the same feat in two months. This white paper discusses the portions of the Tax Cuts and Jobs Act that are of particular importance to business owners, investors, and financial advisors. We point out situations that are likely to fare better and those likely to fare worse under the legislation. At the end, we present a chart of “winners and losers” that takes into account these individual situations. The chart also shows business and economic sectors particularly likely to be affected by these tax changes, thereby potentially altering their equity valuations.
Here's a good read, and case studies, on deciding when to retire. Well worth your time whether you are a financial advisor or an investor. Enjoy! ow.ly/hFEB30ky1XO
SCOTUS has a big decision to announce regarding gerrymandering of the House of Representative districts. ow.ly/KA3b30kxZOA Decision on Wisconsin just came down: ow.ly/vf9l30kxZQX Still waiting on the Maryland and the North Carolina decisions.
Well, that didn't take very long. China was ready with an announcement of retaliatory tariffs in response to POTUS's announcement this morning. The ball is now back in our court. POTUS promises even more tariffs. ow.ly/P0Q630kvZ6H
White House announces trade tariffs on Chinese imports. China pledges retaliatory tariff action. POTUS says he is prepared for additional tariffs if China responds with more tariffs. Sounds like a tit for tat trade war, doesn't it? ow.ly/Ydvb30kvU1e ow.ly/1TZW30kvU1N