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How The Plan Became Policy
In the Beginning was the Plan
And then came the Assumptions
And the Assumptions were without form
And The Plan was completely without substance
And the darkness was upon the face of the Workers
and they spoke among themselves, saying
“It is a crock of sh*t, and it stinketh.”
And the Workers went unto their Supervisors and sayeth
“It is a pail of dung and none may abide by the odor thereof.”
And the Supervisors went unto their Managers and sayeth unto them,
“It is a container of excrement and it is very strong,
Such that none may abide by it.”
And the Managers went unto their Directors and sayeth,
“It is a vessel of fertilizer, and none may abide by its strength.”
And the Directors spoke among themselves, saying one to another,
“It contains that which aids plant growth, and it is very strong.”
And the Directors went unto the Vice Presidents and sayeth unto them,
“It promotes growth and is very powerful.”
And the Vice Presidents went unto the President and sayeth unto him,
“This new plan will actively promote the growth and efficiency of
this Company, and these Areas in particular.”
And the President looked upon The Plan,
And saw it was good, and The Plan became Policy.
This is How Sh*t Happens.
It raises taxes on those of us paying alimony.
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$22000 in salt.... that NEVER goes down
plus an 8.625% sales tax
elimination of salt wil cost me +$3k in fed taxes
THEY CAN PUT THE “TAX REFORM BILL” you know where...
I will lay off my employees and do consuting only...
How does that grow the economy?
forget tax “reform” because it is not tax reform whatsoever...
real tax reform would eliminate all deductions and exemptions and be a 10% tax on what you earn.. from any source... billionaires would pay the same rate as a waiter...
besides Buffet owes $3 billion in back taxes and Soros owes $18 billion which shows the farcical nature of the IRS and tax colection focusing on the little guy...
HOW ABOUT CUTTING GOVERNMENT SPENDING BY 10% and not giving a lifetime pension for one term in congress and eliminate all the serect payola schemes like paying off sexual abuse claims with taxpayer funds... amd all the other perks which are tax free and they can trade on inside info to boot... you and i cant...
they drive us deeper in debt and waste 33% of what they spend... at a minimum and maybe more...
So, can any of you opposed to this plan describe how you would get your dream plan enacted with zero democrat votes? You know perfectly well you can’t get any of these dream plans through the Senate so quit complaining.
The problem with tax reform is it is not accompanied by a long list of budget cuts.
Well, I am surprised Guy Benson is being so honest. I’d expect him to join the Dem mantra. Maybe he forgot to renew his NeverTrump membership card.
Wake me up when there is an actual bill to review! Fact Check my arse!
PS, I believe Tax Reform will never happen this year if ever or at least till the results of the 2018 elections are in.
THat’s what losers the GOPe are!
The republican party are RAISING taxes. I receive an email from the company I trade stocks with (former Scottrade).
TD Ameritrade believes it’s important to stand on the side of our clients. We have reviewed the Senate Tax Cuts and Jobs Act, which was released last week. Section 13533 of the Senate Bill imposes a single cost basis methodology for investors, “first in, first out” (”FIFO”), on all sales of securities (except mutual funds).
For the average investor, this means possibly being required to pay the highest capital gains taxes where a stock has appreciated over time.
On behalf of our approximately 11 million client accounts, we strongly oppose this provision. We believe it will harm individual investors by eliminating their freedom to decide when to take losses or gains on their investments, potentially resulting in an increased tax burden.
An Example
Suppose you hold a significant amount of a company’s stock, accumulated over a 20-year career. You’re now retired, and you want to sell some company stock to diversify your portfolio. Assume the purchases over time range from $5 per share up to $90 per share, but the stock now is trading at $50.
If you sell at $50, rather than being able to take losses on the stock purchased above $50, the Senate Bill could require you to pay capital gains taxes on the appreciation of the stock from $5 to $50. That is, even if you have experienced sizeable paper losses on the purchases above $50, the Senate Bill might force you to pay taxes calculated on the largest gains possible.
We don’t think that’s fair. We feel the Senate should stand up on behalf of individual investors and reject imposing a FIFO cost basis requirement on sales of securities.
What Can You Do?
If you are concerned about these changes, we encourage you to contact your congressional representatives today and make your voice heard. We have created a site so that individual investors like you can stay informed and easily reach out to your government representatives on issues that matter to you. You’ll find a summary of current issues there, along with template letters to help get you started.
TD Ameritrade believes in providing our clients with a voice on issues that stand to impact their ability to confidently save, invest, and plan for the future. We are on the frontlines, communicating your interests to those who can influence policy and bring about change.
By coming together, we can have a more meaningful impact. Please join the conversation.