Tag Archives: net income

It’s time to rethink your corporate structure

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I’ve told you all many times that the rules have changed significantly with the passage of the Tax Cut and Jobs Act (TCJA).  For example, for decades, we’ve avoided setting up C Corporations for our clients, because of the double taxation whammy.  But, now with the maximum (and minimum) tax rate of 21%- and the personal limitation on SALT (state and local taxes) at $ 10,000, it’s past time to reconsider our old rule of thumb.

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Income and Net Worth Increases at an all time high… NOT!

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Here we go again.   The US Government is trying to convince us how great the economy is booming.  Umm.   BS!   (I sure am tired hearing how a rising tide raises all boats.  Especially when the size of the boat affects how quickly and strongly that tide raises up the boats.)

Continue reading Income and Net Worth Increases at an all time high… NOT!

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