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Author Topic: Trump's Tax Plan Roll out Tomorrow  (Read 569 times)

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HawgWild

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Trump's Tax Plan Roll out Tomorrow
« on: April 26, 2017, 12:38:40 pm »

How do you think the market's going to react tomorrow? I'm thinking that the market may have already priced in the best case scenario and may be a bit disappointed with the level of specifics. What's your thinking?
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ricepig

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #1 on: April 26, 2017, 12:40:56 pm »

Buy the rumor, sell the fact. If and when it passes, it should help the economy.
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ricepig

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #2 on: April 26, 2017, 12:43:07 pm »

Of course, I don't like the removal of allowing deductions for state and local taxes, but the devil will be in the details.
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HawgWild

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #3 on: April 26, 2017, 01:53:42 pm »

What are you hearing about the Capital Gains rate? Medical deduction?
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Vantage 8 dude

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #4 on: April 26, 2017, 02:32:01 pm »

Buy the rumor, sell the fact. If and when it passes, it should help the economy.
I totally agree that even IF the proposal(s) pass, the short term "pop" may be a little extended. Now if the corporate tax rates managed to get lowered then no doubt this will lend itself to a longer, more sustainable advance. The market will begin to parse through the various balance sheets and income statements and determine which specific industries and companies will realize the greatest benefit of such. The PE multiple worries that many have expressed as far as current valuations would be reanalyzed and adjusted accordingly.
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ricepig

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #5 on: April 26, 2017, 02:59:56 pm »

What are you hearing about the Capital Gains rate? Medical deduction?

Of course, I'm very interested in the estate tax repeal, here's the other's.

http://www.bizjournals.com/phoenix/news/2017/04/26/trump-tax-cuts-15-business-rate-personal-income.html
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HawgWild

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #6 on: April 26, 2017, 05:21:15 pm »

I'm reading words like the plan "may include" and "may remove". Where are the specifics? Are they not in the plan? Who decides which current deductions are in or out? Of course there are some specifics: three tax rates (but not where the cut off is for each level), 15% corporate level, "wants to repeal estate taxes".
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ricepig

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #7 on: April 26, 2017, 05:27:41 pm »

I'm reading words like the plan "may include" and "may remove". Where are the specifics? Are they not in the plan? Who decides which current deductions are in or out? Of course there are some specifics: three tax rates (but not where the cut off is for each level), 15% corporate level, "wants to repeal estate taxes".

These are just the starting points, there's no sense in tying yourself to a specific number when it's going to change, anyway.
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BigBrandonAllenFan

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #8 on: April 29, 2017, 10:52:52 am »

Of course, I don't like the removal of allowing deductions for state and local taxes, but the devil will be in the details.

I think the larger majority of people will benefit from the doubling increase in the standard deduction over the itemized deductions.  I know I will.
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ricepig

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #9 on: April 29, 2017, 11:14:21 am »

I think the larger majority of people will benefit from the doubling increase in the standard deduction over the itemized deductions.  I know I will.

I haven't really studied it, those who live in high state income tax states aren't happy, for sure.
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hog.goblin

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #10 on: May 03, 2017, 07:42:35 pm »

Of course, I don't like the removal of allowing deductions for state and local taxes, but the devil will be in the details.

Just move to TX or FL. Or South Dakota!  There are several others of course but not many rice farmers want to live in Washington, Alaska, Wyoming, or Nevada.
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onebadrubi

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #11 on: May 08, 2017, 07:45:50 am »

Just move to TX or FL. Or South Dakota!  There are several others of course but not many rice farmers want to live in Washington, Alaska, Wyoming, or Nevada.

Tennessee too, correct?
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hog.goblin

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #12 on: May 09, 2017, 12:16:51 am »

Tennessee too, correct?

Not really, they tax investment income and most business income.
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BigBrandonAllenFan

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Rice patties
« Reply #13 on: May 09, 2017, 09:00:09 pm »

There are several others of course but not many rice farmers want to live in Washington, Alaska, Wyoming, or Nevada.

What about Viet Nam or Cambodia  ??? They grow a lot of rice there.   
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BigBrandonAllenFan

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #14 on: May 09, 2017, 09:03:58 pm »

I haven't really studied it, those who live in high state income tax states aren't happy, for sure.

I can see that for sure. 

But I think the whole idea of the revisions is geared to increasing the state coffers so to work to minimize federal involvement in state finances and affairs.
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hog.goblin

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #15 on: May 09, 2017, 09:40:17 pm »

What about Viet Nam or Cambodia  ??? They grow a lot of rice there.   

Cheaper labor too
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hog.goblin

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #16 on: May 09, 2017, 09:42:01 pm »

I can see that for sure. 

But I think the whole idea of the revisions is geared to increasing the state coffers so to work to minimize federal involvement in state finances and affairs.

Instead it's going to push even more high income folks away from CA and NY and into other states, which helps the destination states but hurts already struggling CA and NY
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ricepig

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #17 on: May 10, 2017, 07:15:40 am »

Cheaper labor too

What's the horsepower on a water buffalo? My air seeder needs at least 250hp......
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hog.goblin

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #18 on: May 10, 2017, 10:20:41 am »

What's the horsepower on a water buffalo? My air seeder needs at least 250hp......

Something about that question reminded me of the question "what's the average airspeed velocity of an unladen swallow?"
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HawgWild

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #19 on: May 25, 2017, 10:12:20 am »

Of course, I'm very interested in the estate tax repeal, here's the other's.

FWIW, the Estate Tax remains in the budget the White House sent over to Congress. See page 27. https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/budget/fy2018/budget.pdf
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ricepig

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Re: Trump's Tax Plan Roll out Tomorrow
« Reply #20 on: May 25, 2017, 12:54:15 pm »

FWIW, the Estate Tax remains in the budget the White House sent over to Congress. See page 27. https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/budget/fy2018/budget.pdf


Didn't expect it to be omitted.
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