Post #44753 by Banksy on the US Policy board

Halls of Shrewd'm / US Policy ❤

Unthreaded | Threaded | Whole Thread (32)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 5

I've gotten no tax breaks so far that I know of. <cough>SALT</cough>

No?
"Trumps 2017 tax law was skewed to the rich. Households with incomes in the top 1% received an average tax cut of more than $60,000 in 2025,
compared to an average tax cut of less than $500 for households in the bottom 60%, according to the Tax Policy Center.
Tax cuts at the top — for both households in the top 1 percent and the top 5 percent — are more than triple the total value of the tax cuts received for people with incomes in the bottom 60%.
Trumps tax cuts boosted the after-tax incomes of households in the top 1% by 2.9%, roughly three times the 0.9% gain for households in the bottom 60%."

https://www.cbpp.org/research/federal-tax/the-2017...

But almost all my assets are in the stock market and that's getting hammered.

Almost all my assets are in Berkshire Hathaway (which has held up nicely), T-Bills and TIPS.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (32)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.