Al Caicedo is back… 2018 is the first year where the affects of the so-called tax reform act were experienced. It appears that some businesses are doing quite well. How many companies have just taken the money and bought their stock back is an issue. For individuals there are some high earner losers in high tax blue states (I repeat myself) and there’s a lot in the middle who don’t see much difference either way and then there’s those at the bottom who’ve gotten some crumbs, as Nancy Pelosi would say. One thing that can’t be disputed, employment demand has increased dramatically and wages have started to go higher. In the end it’s a mixed bag. One thing is for certain, US Corporate tax rates were the highest in the world and needed a dramatic reduction.
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.