Category Archives for "Economy"

April 28, 2017

Trump’s Tax Plan Could Turn ‘Everyone and Their Dog’ Into an LLC

Donald Trump tax plan

Looky here – Donald Trump has a tax plan

Do you want to turn your business into an LLC? Of course you do.

His proposal to slash the tax rate on partnerships and limited liability companies could set off a stampede of individual taxpayers trying to reclassify themselves as so-called pass-through businesses.


Source: Trump’s Tax Plan Could Turn ‘Everyone and Their Dog’ Into an LLC – Bloomberg

April 27, 2017

Ex-Treasury Sec Larry Summers just completely trashed the Trump tax plan

Surprise, surprise! Economists trash Trump “tax plan.”

Because it's not a plan. It's a laundry list of supply-side bullshit.

Summers said that had he been asked to present such a plan with the notion that it would pay for itself, he would have resigned.


Source: Ex-Treasury Sec Larry Summers just completely trashed the Trump tax plan