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  #1 (permalink)  
Old January 12th, 2018, 04:25 PM
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Default Tax Cut

How are you going to spend all the money that you will be getting from the new tax cut?


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Old January 12th, 2018, 07:34 PM
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It really won't effect me unless I pull more than $34,000 out of portfolio but my daughter has already hired two new employees and is looking for one more. She now has five full time employees, herself and her husband. She also has two part time slaves. The slaves are my grandkids. However, they are on the payroll and receive a W2 and have FICA withdrawn from each check. It was the change in the tax rate that allowed her to expand. She is also updating and buying new equipment. She is very happy with it.

Take care,
Mike
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Old January 12th, 2018, 10:33 PM
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Mike, I see how the American enterprise is working.


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Old January 13th, 2018, 07:20 AM
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Mike, I am happy to see that it's actually helping small business! Good for your daughter.
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Old January 14th, 2018, 12:28 AM
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I spoke with her today and she said her tax accountant estimates that the tax cut will add $40,000 - $50,000 to her bottom line. This will not completely pay for the added employees and equipment but it will allow her to expand her business to keep up with the current demand and accommodate growth. The estimated payback is twelve to eighteen months.

This allows her more time for research, writing, teaching and seminars.

University of California, Davis, College of Veterinary Medicine (The #1 rated Vet School in the nation) will be using her products in their vet hospital and in their holistic medicine courses and research. She's doing OK.

Take care,
Mike
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Old January 14th, 2018, 06:22 AM
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That's good. I know that you are proud of her.
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Old January 14th, 2018, 07:28 AM
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Mike, congratulations to your daughter on her success.


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Old January 14th, 2018, 10:22 PM
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Quote:
Originally Posted by Mike M View Post
I spoke with her today and she said her tax accountant estimates that the tax cut will add $40,000 - $50,000 to her bottom line. This will not completely pay for the added employees and equipment but it will allow her to expand her business to keep up with the current demand and accommodate growth. The estimated payback is twelve to eighteen months.

This allows her more time for research, writing, teaching and seminars.

University of California, Davis, College of Veterinary Medicine (The #1 rated Vet School in the nation) will be using her products in their vet hospital and in their holistic medicine courses and research. She's doing OK.

Take care,
Mike
I aspired to be a Veterinarian . I did not have the grades for a good college .I could have gone to Farmingdale in NY but instead I decided to go to a Junior College for 2 years and hoped to graduate with a B average and then apply to either Cornell or Oberlin but I got sidetracked .
Good luck to your daughter .I regret not achieving my goal.
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