Was waiting for this ... addressing taxes on foreign income

[UCFBS]

Sachs is the first to announce it's tax strategy. The others will follow shortly. I was, along with anyone else who read at least the summary of the tax bill, was waiting for this.

- https://www.bloomberg.com/news/arti...akes-one-time-5-billion-hit-from-u-s-tax-bill

If you listen to the DNC-controlled mainstream media, at best, you will get total omissions of these parts of the new code and, at worst (and commonly so), they will use half-truths which end up being knowingly lying.

E.g., talk about how repatriation of dollars is just used for buying back stock and raising its price.

That is total BS, and they know it. This new code, for the first time, now puts a 15.5% on liquid, 8% on non-liquid, foreign income. That will not only force repatriation of dollars, but it will force companies to have to consider US re-investment to replace foreign ones they will be reducing.

There is so much good in the new tax code like this, and I'm so tired of the literal DNC directed mouthpieces in the media insulting my intelligence over and over with their dribble that is literally the same phrasing and direction from every angle.

I encourage all my fellow Americans to shut off any media except business news, such as from CNBC, Fox Business and, while it's not quite separate, the Business desk of outlets like Bloomberg. Don't seek the truth you want, but listen to what even may not agree with your party alignment, when it makes sense.

There are a lot of things about Trump that disagree with even my Libertarianism at times -- such as Eminent Domain -- but if there is one thing he's definitely championing, it's pro-business investment inside of American borders.

 

[Great2BAKnight2]

Sachs is the first to announce it's tax strategy. The others will follow shortly. I was, along with anyone else who read at least the summary of the tax bill, was waiting for this.

- https://www.bloomberg.com/news/arti...akes-one-time-5-billion-hit-from-u-s-tax-bill

If you listen to the DNC-controlled mainstream media, at best, you will get total omissions of these parts of the new code and, at worst (and commonly so), they will use half-truths which end up being knowingly lying.

E.g., talk about how repatriation of dollars is just used for buying back stock and raising its price.

That is total BS, and they know it. This new code, for the first time, now puts a 15.5% on liquid, 8% on non-liquid, foreign income. That will not only force repatriation of dollars, but it will force companies to have to consider US re-investment to replace foreign ones they will be reducing.

There is so much good in the new tax code like this, and I'm so tired of the literal DNC directed mouthpieces in the media insulting my intelligence over and over with their dribble that is literally the same phrasing and direction from every angle.

I encourage all my fellow Americans to shut off any media except business news, such as from CNBC, Fox Business and, while it's not quite separate, the Business desk of outlets like Bloomberg. Don't seek the truth you want, but listen to what even may not agree with your party alignment, when it makes sense.

There are a lot of things about Trump that disagree with even my Libertarianism at times -- such as Eminent Domain -- but if there is one thing he's definitely championing, it's pro-business investment inside of American borders.

There's definitely a negative shade towards the plan by certain outlets and it certainly affects the viewers. I have family who watches MSNBC all the time; they're well off business owners who oddly enough pay next to nothing in taxes. But anyways, they were trying to tell me that the tax plan eliminated the charitable contribution deduction, which is flatly untrue. Now it is true that due to doubling the standard deduction there will be less people itemizing and so there could be less donations from those trying to reduce taxable income. I don't agree with the argument but at least there's a basis for it. The big issue I have is the insinuation that Trump and Co. did it to intentionally hurt the charities. It's anecdotal but this is what their viewers come away thinking.