本帖由 明的凡 于 2017-02-24 发布。版面名称：渥太华华人论坛
Billionaire Sam Zell: I see 'very significant' positive change for business under Trump
AMP - 58 mins ago
IT'S HERE: All the details of Trump's massive tax cut plan
A 20% corporate tax rate (down from 35%):
A 25% rate for pass-through businesses (most small business owners may avoid paying individual income tax at 35%):
Elimination of some business deductions, industry specific incentives, and more:
A bottom individual tax rate of 12%:
A middle tax bracket of 25%:
The top individual tax rate of 35%:
The possibility of a fourth, higher bracket:
A larger standard deduction (increased from $6,350 to $12,000 for individuals and from $12,700 to $2400 for married couples; people who pay 10% now will pay zero income taxes):
Eliminates most itemized deductions (stop the loopholes only the deep-pocketed could benefit).
Increases the size of the child tax credit:
Vague promises on retirement savings and other deductions:
Elimination of the state and local tax deduction:
Elimination of the estate tax:
One-time repatriation tax (to bring back home trillions of dollars from overseas).
A 20% corporate tax rate: This is be the first time Trump has publicly backed down from his promise of a 15% corporate tax rate, one of his earliest campaign promises. The budget math required for a 15% rate was too difficult, so the somewhat higher rate will be the opening bid. That would still bring the current 35% statutory federal rate down significantly.
A 25% rate for pass-through businesses: This would apply to people who own their own business. Instead of getting taxed at an individual tax rate for business profits, owners of firms would pay at the pass-through rate. The plan also said it will consider rules to prevent "personal income" from being taxed at this rate. Secretary Mnuchin suggested previously there may be limitations to what types of businesses get this rate. It could apply only to goods producers and not service-oriented companies, to prevent people from creating limited liability corporations to store their assets and receive a lower rate.
Elimination of some business deductions, industry specific incentives, and more: There were little details given, but the plan includes language regarding the "streamlining" of business tax breaks.
A bottom individual tax rate of 12%: The plan is designed to have three tax brackets (for now), with the lowest tax rate being 12%. That would represent a slight bump in the bottom bracket, as it now sits at 10%. People currently in the 15% marginal tax bracket would likely be included here.
A middle tax bracket of 25%: It's not specified what incomes would fall into this bracket.
The top individual tax rate of 35%: That would be down from the current top rate of 39.6%.
The possibility of a fourth, higher bracket: Due to Trump's insistence that the taxes for the wealthiest Americans not increase, the plan proposes the possibility of a fourth tax bracket at a rate higher than 35% if the tax-writing committees wish. "An additional top rate may apply to the highest-income taxpayers to ensure that the reformed tax code is at least as progressive as the existing tax code and does not shift the tax burden from high-income to lower- and middle-income taxpayers," the plan reads.
A larger standard deduction: To avoid raising taxes on those currently in the 10% tax bracket, the standard deduction for all taxes would be doubled to $12,000 for individuals — up from $6,350 — and $24,000 for married couples — up from $12,700. These are slightly less than the doubled deduction expected. (And as noted Business Insider's Josh Barro, the idea that this will save people money may be misleading.)
Eliminates most itemized deductions: While not specifically named, the only deduction preserved in the plan explicitly are for charitable gifts and home mortgage interest.
Increases the size of the child tax credit: A pet project of Ivanka Trump, the plan proposes to make the first $1,000 of the child tax credit refundable and would increase the income level at which the credit would phase out.
Vague promises on retirement savings and other deductions: There are sections of the plan referring to retirement savings and other "provisions," but details were sparse.
Elimination of the state and local tax deduction: The SALT deduction allows people to deduct what they pay in state and local taxes from their federal tax bill. This deduction is mostly taken by wealthier Americans in Democratic states. Around one-third of the benefits from people using the SALT deduction comes from New York, New Jersey, and California.
Elimination of the estate tax: Called the "death tax" in the plan, this tax only applied to inherited assets totaling $5.49 million or more in 2017. Very few households pay the estate tax, but it has been a long-time target for Republicans.
One-time repatriation tax: All overseas assets from US-owned companies will be considered repatriated and taxed at a one-time lower rate, this is designed to bring corporate profits back from overseas. Illiquid assets like real estate would be taxed at a lower rate than cash or cash equivalents, and the payments will be spread out over time. While there was no precise number given in the plan, officials have indicated the rate could end up somewhere around 10%.
DONNA WARREN @DonnaWR8·27 Sep
For first time in years the #US is RISING in global rankings for competitiveness US is NOW 2nd Most COMPETITIVE Economy #MAGA #TRUMP
The U.S. economy was ranked the world's second most competitive.
Switzerland retained its No. 1 ranking, according to the forum’s global competitiveness report for 2017-18. Rounding out the top 10 behind the U.S. among 137 countries are
the United Kingdom,
Where is Canada??
Manufacturer Optimism Hits Record High After Tax Reform Plan Revealed