Regarding the US Tax Bill being signed into law today, what does a reduction in the corporate tax rate from 35% to 21% mean to you AND/OR what does the capped 10k towards state/local/property tax deductions mean for you.
For those without a business, is it time to start one?
For those with real estate holdings, is it time to sell some off?
For NOTES, is your thought to maintain or grow your portfolio rapidly?
I think people will be absorbing what it means but working for a developer (large commercial- billion + company) the new tax law is beneficial.
It is dependent upon everyone though. If you are in a higher wage bracket these passive investments will benefit you (I invest in notes) as your not paying your W-2 tax rate.
While of course pay attention to the tax laws I do not see them having a major impact on how I run my business. I will review with my CPA any revisions that we should make but it will not change the way I invest. The only change I see it has created is I am not selling any assets between now and the rest of the year (and have held off since the initial bill was proposed a month ago) as it has always appeared this was coming and selling this year vs next would of cost me $.
@Chris Seveney , great point on not selling any assets this year. As for your work with a large company, the company will benefit and the hope is that they will spread the love so to speak. I see a lot of companies investing more in FF&E and other expansion efforts that will help the smaller fish out there.
I'm excited to see how 2018 shakes out. This coming from a pessimist when it comes to external environments outside my control. Appreciate the input.