Depreciation to 100%, interesting choice.
#mepolitics #TaxReformpic.twitter.com/tnJWqvHZqE
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Coming soon to a tax plan near you, a big increase in depreciation for schmancy luxury cars.
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I legitimately do not know if we have a citrus carve out in current law, I just find this entertaining.
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Interesting choice in today's climate. No deductions for NDA sexual harassment/abuse settlements. I might agree with this one but I can see it turning out poorly for some that will be surprised by this.
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So my absolute favorite part of the bill is THE PART WHERE IT *DOESN'T* LIST THE SECTION TITLES AT THE FRONT. It's like a bad law scavenger hunt. Without clues.
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Still digging through this beast, this one is a problem. If you sell your house without living in it for 5 years (instead of 2), you lose the tax exclusion. Right now you can sell a house after 2 years and not pay capital gains for a sizeable chunk.
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Replying to @ChesterfieldTag
If you are right and the economic boom you are execting happens to that extent based on this policy, I will buy you a coffee.
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Replying to @ChesterfieldTag
Cool, so a coffee if you are right and vice versa?
7:24 AM - 2 Dec 2017
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