Taxing your mind…
We’ve all been reading about the new tax bill; one thing is for sure, many opinions about who wins and who loses have spawned depending on your political bent: We shall see.
The chart below was produced by The Tax Foundation* and I believe it provides a realistic way by which we as individuals and families, can all approximate how we may be affected by the new law.
Please click on the chart to see a larger version.
From our point of view, it looks like we’re heading into a great new year.
Currently, our portfolios overweighted domestic and foreign equities.
Carlos Dominguez – Portfolio Manager, RJFS
*”The Tax Foundation is the nation’s leading independent tax policy nonprofit. Since 1937, our principled research, insightful analysis, and engaged experts have improved lives through smarter tax policy”. https://taxfoundation.org/final-tax-cuts-and-jobs-act-taxpayer-impacts/
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