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A Simple Summary of Tax Changes Thumbnail

A Simple Summary of Tax Changes

As you may be aware, at the end of 2017, a new 1000+ page tax bill was passed. Tax experts are still working to clarify details, so we favor a measured and well-researched approach to these changes, rather than a reactive, rushed one. We wanted to share a helpful table from CST Group that will help you to understand what has changed and what will stay the same.

View the Summary

 As a reminder, we look at tax reform without political bias – purely analyzing the effect on broad markets, interest rates, the economy, your portfolio and your income. A few highlights:

  • Corporate rates were cut from 35% to 21%.  This is favorable for continued corporate strength, so markets responded well. 
  • A one-time tax break (reducing rate to 15.5%) on cash repatriated from foreign subsidiaries could also be good for corporations’ 2018 earnings.   
  • On the market side, we are spending a great deal of time researching the ramifications and potential tax saving opportunities that we may be able to take advantage of.
  • The bill is the largest set of changes to tax regulation in over a decade. We encourage you to work with your CPA to determine its impact on you. The changes may affect your deductions, education saving, business income, estate planning, and tax filing for your unique situation. 

We will certainly look for opportunities within your portfolio, and we encourage you to consider that a tax cut permits more pay to come to you. Why not use that additional cash flow to save for your goals in 2018?


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