Common Cents for June 29, 2018

June 29, 2018, by John Norris

This past Wednesday night, I made a presentation down in Mobile. During the Q&A, one person asked whether the growing economy has already made back the money the Federal government ‘lost’ due to the “tax cuts.” The pure black & white, straight accounting answer, the one the opposition will use during the mid-term elections, is quite simply: no. There will be no getting around the issue, and plenty of GOP candidates will hem, haw, and...

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2018 Tax Changes: FAQ’s

June 25, 2018, by John Norris

I am not a CPA, and won’t pretend to know all of the various ins and outs of last year’s tax reform legislation. That doesn’t mean people don’t want to know about it, which they do. Instead of reinventing the wheel, I decided to find a short, informative article which hits a lot of the key points. After sifting through a number of them, I found the following to be just about exactly what I...

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Is It Common Cents on June 15, 2018? We Will See.

June 15, 2018, by John Norris

This morning, the Administration imposed a 25% tariff on $50 billion worth of goods from China. To put that number into better perspective, in 2016, the US imported roughly $463 billion (excluding services) from the Chinese. So, the Administration put a 25% tariff on about 11% of US imports from that country. In terms of pure dollars and cents, this imbroglio is the proverbial mouse that roared. Then again, trade deficits are sort of like...

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