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re: White House outlined new tax plan
Posted on 4/28/17 at 8:36 am to notsince98
Posted on 4/28/17 at 8:36 am to notsince98
quote:
Google it. There are many articles out there with the data proving Kansas's economy has been growing since the tax reform.
I know. And that doesn't qualify as "research" on the particular issue Golfer & I were talking about, either. I linked some in this thread, though.
quote:
the tax cuts worked
We need to be explicit about what we mean by cuts "working". That's the heart of the actual issue here.
0
Posted on 5/1/17 at 1:57 pm to castorinho
Not sure if this was already discussed, but the effect these changes would have on certain company's balance sheets on day 1 would be massive. For example, Citi has close to $50 billion in deferred tax assets that currently sit on its balance sheet assuming an effective tax rate of ~35%.
LINK
LINK
This post was edited on 5/1/17 at 2:25 pm
Posted on 5/1/17 at 2:55 pm to sneakytiger
Yeah. Politically it is brilliant. Potentially rush the recession before the next general election, and let the tax cuts take us out of it. Ultimately it's a net win for companies that have LCF, although they won't like it at first.
I think also, and I need to check the latest derivation, LCF disappears for individuals as well. There are going to be some surprised people, and they're not going to like it, but for people in higher income ranges, or planning on getting to higher income ranges it is eventually a win.
I think also, and I need to check the latest derivation, LCF disappears for individuals as well. There are going to be some surprised people, and they're not going to like it, but for people in higher income ranges, or planning on getting to higher income ranges it is eventually a win.
Posted on 5/1/17 at 3:00 pm to Iowa Golfer
I don't know what's not to like other than the headline shock. It really calls to question the accounting gimmickry of DTA's. The other side of a DTA is an off balance sheet liabilty. If the market punishes companies for these write downs I'm a buyer.
Posted on 5/1/17 at 3:08 pm to sneakytiger
There are quite a few ways to have a loss carried forward, and it's probably not always called this. Casualty loss if you don't recap, as I found out after our flood, stock losses, etc.
I'm not disagreeing with you, although I'm not a buyer of common stock except in strategic places. I'd like to let the entire thing settle, and I'm pretty happy with my holdings now.
What's interesting to me is tax cuts -v- tax reform. I still think we could get cuts for 2017, but I'm not convinced about reform. I doubt reform is possible quickly, and there should be some large corporation extremely concerned. XOM comes to mind.
I'm not disagreeing with you, although I'm not a buyer of common stock except in strategic places. I'd like to let the entire thing settle, and I'm pretty happy with my holdings now.
What's interesting to me is tax cuts -v- tax reform. I still think we could get cuts for 2017, but I'm not convinced about reform. I doubt reform is possible quickly, and there should be some large corporation extremely concerned. XOM comes to mind.
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