Posts tagged Tax cuts
Don’t Spend that $4K Tax Raise Just Yet…
Don’t Spend that $4K Tax Raise Just Yet…

The Senate’s passage (51-49) of the budget blueprint last week paves the way for Republicans plan to tinker with the tax code with just GOP votes, which means that tax negotiations have entered a new phase. Last week, the President’s Council of Economic Advisers argued thatPresident Trump's tax plan, which aims to reduce the top corporate tax rate from 35 percent to 20 percent, would boost the average American family’s income by $4,000 under . Critics, including former treasury secretary Lawrence Summers, questioned the $4K promise.

Read More
BlogMark Talerciobudget blueprint, Dow 23000, GOP Tax Plan, Larry Summers, Steve Mnuchin, stock market highs, Stock market records, Tax cuts, Trump tax plan, 401k, Roth, IRA, retire, retirement, finance, invest, investing, investment, money, cash, debt, podcast, CFP, Betterment, fiduciary, Schlesinger, JillSchlesinger, mortgage, credit, 529plan, 529, financial aid, financialaid, stocks, WSJ, WallStreet, WallSt, career, network, networking, savings, annuity, annuities, personalfinance, personal finance, Vanguard, studentloan, student loan, FAFSA, Equifax, college, CBS, CBS News, CBSNews
Republican Tax Plan: 12 Questions
Republican Tax Plan: 12 Questions

Senate Republicans are expected to unveil their tax plan this week and while we don’t yet know the details, the rumors are that there will be $1.5 trillion in tax cuts over the 10-year budget window. Even days before the announcement, lawmakers are divided on some key issues. In a surprise move, Republicans are reportedly considering maintaining the top income tax bracket of 39.6 percent, which applies to ordinary income above $470K for married filing jointly (MFJ) and $418,400 for single filers. Earlier this month, the President said, “the rich will not be gaining at all with this plan…the wealthy will be pretty much where they are…If they have to go higher, they’ll go higher, frankly.” 

Read More
BlogMark TalercioAlternative Minimum Tax, AMT, capital gains rates, charitable contributions, charitable deduction, child and dependent care expenses deduction, corporate tax rate, GDP, gift and estate tax, mortgage interest deduction, national debt, pass through income, Republican Tax Plan, retirement plan, state and local tax deduction, tax brackets, Tax cuts, tax holiday, 401k, Roth, IRA, retire, retirement, finance, invest, investing, investment, money, cash, debt, podcast, CFP, Betterment, fiduciary, Schlesinger, JillSchlesinger, mortgage, credit, 529plan, 529, financial aid, financialaid, stocks, WSJ, WallStreet, WallSt, career, network, networking, savings, annuity, annuities, personalfinance, personal finance, Vanguard, studentloan, student loan, FAFSA, Equifax, college, CBS, CBS News, CBSNews