US Tax Rate Cut Hopes Leads to Bull Run on Stock Market!!!
What will be the result of rate cut? What Americans' Can expect?
Bull Run on All Stcok Market Across the World |
US TAX |
Abolition of the Death Tax: The death tax in the US is a tax on the transfer of the property of a deceased person
Repeal of the Alternative Minimum Tax: AMT is imposed at a nearly flat rate on an adjusted amount of taxable income above a certain threshold.
Tax cuts for individuals. The top individual income tax rate will fall from 39.6 percent to 33 percent. Lower rates will be consolidated into two rates: 25 and 12 percent.
Tax cuts for corporations. The Corporate income tax will fall from 35 to 25 percent.
Business investment will be fully and immediately expended
Removal of the border adjustable tax. This is the value of exports applied to a company’s taxable income, in effect “subsidizing” exports, and the value of foreign imports added to companies’ taxable incomes.
Elimination of interest-payment deductions.
Deferral of capital gains taxes for better Exchange ;If your firm sells a small vechicle and buys a bigger one, the capital gains is deferred until you cash out of all vechicle. This would be a powerful tool for growing firms.
Americans major income comes from selling of defense products and Tax Revenue. This move will definitely reduce tax collection. This may lead to American economy in to Recession. But at the same time it will boosts Americans’ per capita income. Let see what will happen.
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