dartsndeacs
THE quintessential dwarf
Be pragmatic and work with the principles we all know work. No need to build a better mousetrap. No gimmicks
Like just raising the standard deduction and getting rid of a bunch of other deductions?
Be pragmatic and work with the principles we all know work. No need to build a better mousetrap. No gimmicks
Can somebody answer my question? Anybody?
Anybody but palma?
Foreign companies can build facilities here. Seems like everybody knows that except you and Trump.
The Senate GOP tax plan unveiled last week includes a provision that would tax stock options and restricted stock units at vesting, rather than when they are exercised (as under current law) or when there actually is a liquid market (as under the amended House proposal).
Why it matters, per Greg Grogan, a compensation and employee benefits attorney with Simpson Thacher & Bartlett: "Employees will owe taxes on 'potential' value on the vesting date of their options before they know whether the option will ever really be worth anything and before there is any cash available to pay taxes."
Not only is such a plan nonsensical in terms of encouraging new company creation, but it's also fiscally dumb.
For example, imagine if all early Facebook employees had been taxed at the time of vesting (at relatively low valuations) as opposed to the time of exercise or sale. Pretty sure that would result in lower tax revenue (while, again, the entire plan might have discouraged people from working to build Facebook in the first place).
http://nymag.com/daily/intelligencer/2017/11/gop-plan-retains-tax-break-for-owners-of-golf-courses.html
Saw this just now and thought it was interesting. Apparently the fine print of the tax bills eliminate or cap the SALT deduction for individuals, but if you own a pass through business the pass-through can still deduct SALT, uncapped.
Also, the golf-course conservation easements.
A comprehensive tax overhaul merged with healthcare legislation. Sounds simple.
You could spend decades studying those two topics and not be qualified to draft this kind of legislation.