Tax bill excellent for small businesses

[Finn_Jarber]

Originally Posted by thriftylefty

I going watch bank stocks. They seem to be down and if this tax bill does what they think its supposed to do business should start borrowing money.

The market is flat today.

[Rufus Clay Banger]

Originally Posted by Boss

Lets see the final determination of debt created.

I have never seen trickle down work in my 61 years. There is always hope that it works.

What will happen when money starts to slow down as more and more get trapped in saving and stocks. Not from the bottom of the population, but from the top and corporations.

The Top just gets more in their pockets which will not increase their own spending. As seen when Cohen was in that group of CEO's who said they would not hire more, they will buy back stock and do more M&A. Jobs lost for the middle as the higher paying jobs become consolidated.

Of course trickle down works. You had a job in those 61 years of life, didn't you? If so, your assertion is that trickle down worked for you when you were in need of a job but it works for no one else in this day and time. I believe even you can figure out how stupid that sounds.

[Rufus Clay Banger]

Originally Posted by Finn_Jarber

Its the one man operations which will be hit the hardest by this bill.

How so?

[Rufus Clay Banger]

Originally Posted by Crazee Cat Lady

My Cousin in Indiana owns a small Construction business, and he is not happy with the tax bill at all.

Why? It sounds like he's clueless about taxes and economics.

[Finn_Jarber]

Originally Posted by Rufus Clay Banger

How so?

I am tired of repeating it, but the S-Corp mandate will force them to take 70% of income as salary, which is subject to 15% payroll tax. This is a massive tax hike for those who were taking the usual 30-40% of income as salary.