I told you that the Tax Cut and Jobs Act (sic) was partly created (or maneuvered) as political retribution by the GOP against those states that don’t vote their way. (Here’s but one example.) Which was the driving force behind the plot to outlaw State and Local Tax (SALT) deductions of $ 10,001 or more. Which would allow the U.S. Treasury collect some $ 650 billion more over the 8 years that this restriction is in effect. (The personal tax rate changes under this Act expire in 2026.)
So, I took a road trip today. Something I have not done in a while; to visit a client. And, as I’ve written often, this sort of “adventure” presents me with cogitation time. But, today, I did not develop a new product or service. (Darn it! That would have been nice.) Instead, I considered the current state of affairs. It hit me with a start how inconsistent I have been recently- and how inconsistent many of my friends have been.