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re: Tax Plan (Trump & House GOP) Updated in September - Few Notice

Posted on 1/15/17 at 10:19 am to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10244 posts
Posted on 1/15/17 at 10:19 am to
As it stands now, this income will flow through to a new rate of either 15% (Trump's plan) or 25% (House Plan), rather than whatever personal tax rate you are in.

The unknown is what Trump means by corporations that retain earnings, as there are only rare cases that an s-corp can retain earnings.

No one has adequately explained the second paragraph to me yet. Not even the so called "experts."
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