Quote:
Originally Posted by hobart
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Your own personal taxes, while most important to you, are not really a good indicator.
People who own their own small businesses and have a jumbo loan mortgage see the most fluctuation in annual taxes. It's going to take a couple of years of learning how to balance salary vs. distribution income (ie how much can you push on distributions) for this to balance out before we'll really know.
The numbers put out by the fed indicate a 6%-8% increase. I'm sure that's not all-telling nor is it the only statistic. Its also early.
The problem with these tax cuts isn't about how much you or I save or lose on taxes. The two biggest economic problems most Americans face are the annually increasing costs of healthcare and the annually increasing difficulty in saving for retirement due to wage stagnation relative to the cost of living.
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Obesity is actually the biggest problem we face, that and the belief that everyone should be able to afford college, an SUV, and rent
Get married, buy a home, go to church, save money with your dual income, rent that house once it’s paid off, buy another home
Impossible not to have $1 mil in net worth by 45 if you make correct decisions. But if you’ve ever purchased Taco Bell or McDonald’s, you’re already doomed.