2 ms·
Mostly linkbait... Some of their advice include: - Have your kids right away - Get lucky with the timing of your inheritance - Move to New Hampshire - try
by sytelus 9y ago
Mostly linkbait... Some of their advice include:
- Have your kids right away
- Get lucky with the timing of your inheritance
- Move to New Hampshire
- try to earn more this year
- Upgrade your private jet
So mostly not usefull at all...
However what struck me more is how high earners would immensely benefit from the tax plan. So let's say you are CVP in big company and making $2M. At least half of these will probably in stocks and you would be paying 15% tax - so no problem there. However your cash still gets taxed at 35% or more. Now what you can do is become corporation, get your paycheck only get taxed to 21% and pay yourself living expenses. So basically you just keep your money in your "corporation" invest it, grow it - all for just 21%. You can then pass this whole thing off to your kids, again completely untaxed! In essence, people making $1M or more got about 20% tax break while most middle class people are probably getting 5 to 10% or so.
- squozzer 9y agoI have the feeling the NYT was feeling a little tongue-in-cheek with this piece.
- SpikeDad 9y agoEven less that that. The exclusions and reductions for pass through are permanents - the savings for regular folks are temporary. When you figure out how much more health care will be middle class folks will lose out. Just as the Republicans planned.