Jump to content



Photo

Tax Cuts


  • Please log in to reply
29 replies to this topic

#1 MikeyG

MikeyG

    Member

  • Traders-Talk User
  • 2,850 posts

Posted 20 December 2017 - 12:32 PM

Doubles child tax credit from $1000 to $2000!

 

Awesome! 


mdgcapital@protonmail.com  

papilioinvest.com

@papilioinvest

 

"One soul is worth more than the whole world." 


#2 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 10,144 posts

Posted 20 December 2017 - 12:39 PM

Yea....but a couple of Senators decided that having 529 contributions extended to kids from Kindergarten thought high school would take away the government's ability to mold their lives.

 

The bill, in general, is a good one...though the death tax is still in there, and it's not quite as simple as they said it would be.

 

Here's the 1101 page bill for the readers review: http://tinyurl.com/y9btsop9

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

Technical Watch Subscriptions



 


#3 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 20 December 2017 - 12:45 PM

So, not quite a post card eh?

 

yes.gif


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#4 MikeyG

MikeyG

    Member

  • Traders-Talk User
  • 2,850 posts

Posted 20 December 2017 - 12:50 PM

Looking at the bill (I used to prepare taxes so I have some knowledge here)

 

Everyone should see a tax cut, expect maybe the wealthy in high taxed states where the SALT deduction is capped.... 


mdgcapital@protonmail.com  

papilioinvest.com

@papilioinvest

 

"One soul is worth more than the whole world." 


#5 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 10,144 posts

Posted 20 December 2017 - 01:02 PM

So, not quite a post card eh?

 

yes.gif

 

For some, it will be, but not at all what the President wanted.

 

The major changes took place in the Senate and the House had to go along in order to get it passed.

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

Technical Watch Subscriptions



 


#6 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 10,960 posts

Posted 20 December 2017 - 01:50 PM

reagan went thru the same process.....more tax cuts came under him



#7 alexnewbee

alexnewbee

    Member

  • Traders-Talk User
  • 1,459 posts

Posted 20 December 2017 - 01:59 PM

reagan went thru the same process.....more tax cuts came under him

Told you I think - interest rate was 16% then. Not 2.5% like now ;)
"we do G.d's work" Lloyd Blankfein

#8 alexnewbee

alexnewbee

    Member

  • Traders-Talk User
  • 1,459 posts

Posted 20 December 2017 - 02:10 PM

You take a loan. On this loan you take an office, Grand Cherokee and eight boxes "Smirnoff". When Smirnoff is over, it turns out that the Jeep is rust, office puked, and the loan must be repaid. Then you take a second loan three times larger than the first. From it you pay the first loan, buy new Grand Cherokee and sixteen bottles "Absolute".
That is basically how US economy worked, as long as interest rates went down. :D
"we do G.d's work" Lloyd Blankfein

#9 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 20 December 2017 - 02:15 PM

You take a loan. On this loan you take an office, Grand Cherokee and eight boxes "Smirnoff". When Smirnoff is over, it turns out that the Jeep is rust, office puked, and the loan must be repaid. Then you take a second loan three times larger than the first. From it you pay the first loan, buy new Grand Cherokee and sixteen bottles "Absolute".
That is basically how US economy worked, as long as interest rates went down. biggrin.png

 

I think you are saying it's on a perpetual drunken binge... I have to agree there... yes.gif


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#10 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 10,960 posts

Posted 20 December 2017 - 02:19 PM

 

reagan went thru the same process.....more tax cuts came under him

Told you I think - interest rate was 16% then. Not 2.5% like now wink.png

 

interest rates are gonna sky above 16