re: How much does the tax plan help you?

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How does this affect an individual who is a sole proprietor?

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It could be huge if the SP is a pass through and they meet the requirements for the 70/30 test.

If the corporation is for a professional then it makes no difference, doctors, attorneys, CPAs and the like gain no benefit on the corporate side.

Looks like we will save around 5% or what looks like between $1850-$1900.

I am for whatever gets the economy growing at a 3.5% to 4% clip per year. I will benefit more from that then anything else. I like the corporate stuff. I could really care less about the personal cuts.

I am still irked that almost half the country pays "zero" federal income taxes. Also because of all the earned income credits etc people are getting "paid" to file taxes(getting back more then they pay in). I hate it.

What is the 70/30 test?

I break about even.