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Doesn’t cutting tax rate–Trump’s plan–in itself make various tax shelters less lucrative, including real estate s… twitter.com/i/web/status/7…
Mickey Kaus
Kausfiles
Doesn’t cutting tax rate–Trump’s plan–in itself make various tax shelters less lucrative, including real estate s… twitter.com/i/web/status/7…
@kausmickey I never though I’d live to see the day when Mickey Kaus embraced Paul Ryan’s budget.
@kausmickey lowering tax rates, cutting deductions and raising interest rates would make shelters less advantageous
@kausmickey Argument proves 2 much. Zero rate wd eliminate shelters. Key is rates that balance incentives vs revenue; DT’s proposal far 2 lo
@kausmickey But fully agree with you and @asymmetricinfo – NOL carryfwds are good tax policy! Can argue tho how long they should survive.
@kausmickey That’s a stretch. Unless 20 yrs taxes @ old rates > NOL, but < NOL @ new rates, no diff. As long as taxes > 0, incentives r same