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How Will Tax Reform Affect You: Find Out With This Interactive Website

Will you be paying US taxes in 2018? If so, this interactive model created by JPM is for you. The Tax Cuts and Jobs Act (TCJA), which was signed into law by Donald Trump this week, is projected to reduce individual tax payments by over $1 trillion over the next 10 years, more than triple […]


Here Are The Biggest Winners And Losers From Trump’s Corporate Tax Cuts

Credit Suisse Chief US Equity Strategist, Jonathan Golub, has estimated that corporate tax cuts in the U.S. could boost average earnings of companies in the S&P by about 8-10%.  Now, as those tax cuts get priced into the market for the 10th time today, we decided to take a look at which industries will benefit […]


Senate Tax Debacle: Certain Pass-Through Entities Face Marginal Tax Rates Over 100% Under Current Bill

As the House and Senate continue to try to reconcile their two versions of a tax plan, the taxing structure for pass-through entities (s-corps, LLC’s, etc.) continues to be somewhat controversial, if not completely nonsensical. As we pointed out last week, the Senate bill somewhat randomly chose to exclude pass-through entities organized as family trusts […]


Tax Bill May Spark Exodus From High-Tax States

From FinancialSense.com via ValueWalk.com, The following is a summary of our recent podcast, “Exodus – The Major Wealth Migration,” which can be listened to on our site here on on iTunes here. It’s looking increasingly likely that we’ll see the GOP tax bill pass in the near future. Prepped for signing by the end of […]


The Fetid Swamp Of Tax Reform

Authored by Charles Hugh Smith via OfTwoMinds blog, The likelihood that either party will ever drain the fetid swamp of corruption that is our tax code is zero, because it's far too profitable for politicos to operate their auction for tax favors. To understand the U.S. tax code and the endless charade of tax reform, […]


Details Of ‘Simplified’ Senate Tax Bill Start To Leak: 7 Tax Brackets, Scraps All SALT Deductions

As the House tax bill hits the wires, leaked details of the Senate's tax bill are coming out… There will be 7 tax brackets – considerably more complex than the 3 brackets in the House bill Senate tax legislation will keep seven tax brackets but alter the rates, GOP Sen. John Hoeven tells reporters.   Hoeven says […]


Trump’s “Beautiful Tax Plan”… Fuggedaboutit!

Via MurraySabrin.com, Last week President Trump’s tax plan was unveiled with great fanfare by the Congressional Republican leadership. Although President Trump babbled what he claimed to be the biggest tax cut in American history, the evidence is quite to the contrary. Former Reagan budget director David Stockman dissects the “beautiful tax plan,” concluding that it […]


UBS Reads Tax Bill, Says No Way Does It Pass

The just released Tax Cut And Jobs Act (surprisingly, the “Cut Cut Cut Act” moniker was quietly rejected), has 429 pages, which however was not an obstacle for UBS bankers to read it and, within the hour, not only opine on it, but throw up on its chances of passage. As UBS chief economist Seth […]


Welcome To The Hunger Games: Trump’s Tax Plan To Unleash Battle Royal Among D.C. Lobbyists

Authored by Michael Snyder via The Economic Collapse blog, Are you ready for mass chaos in Washington? There are lobbyists for just about every cause that you can possibly imagine, and they are always working hard to influence members of Congress on their particular issues.  But when you are talking about a major tax reform […]


Here Is The Trump Tax Plan

Update 1:  To our complete ‘shock’, Democrats have already taken to the media to bash Trump’s tax proposal as a “windfall for the weathly” even though the plan explicitly contemplates a new top end personal tax bracket to “ensure that the reformed tax code is at least as progressive as the existing tax code and […]


Here Is The Leaked Trump Tax Plan

This afternoon, during a speech in Indianapolis, President Trump was expected to reveal, for the first time, the details of the long-anticipated Republican tax reform proposal that calls for substantial business and individual tax cuts. But in a political era where every little thing is leaked to the media, we no longer have to wait […]