ARE YOU READY TO TACKLE THE NEW GOP TAX BILL?
Like it or loathe it, the new GOP tax bill represents a substantial overhaul of our tax system and implements major changes we haven’t seen in over three decades. On one side, supporters of the new tax bill claim the revisions to the tax system will accomplish several goals: What the Supporters and Critics of the Bill Are Saying
• Many middle-class families will see a tax hike, while the richest individuals benefit from a huge tax cut.
• The deficit will balloon substantially, because the tax cut fails to pay for itself.
• Simplifying the tax code, the bill makes it easier for businesses and individuals to file tax returns.
to the U.S. will invest in our economy.
Regardless of which side of the debate you are on, it is obvious the new bill will cause a great deal of confusion as individuals and businesses digest the changes and incorporate the new tax rules, determining how the changes will impact their income and tax liability. Michael Kitces, writing for the Nerd’s Eye View, provides a detailed analysis of the major provisions of the tax bill in his article “Individual Tax Planning Under the Tax Cuts and Jobs Act of 2017.” In the piece, which you can find on his website, kitces.com, he reviews many provisions as well as how the provisions might impact individuals and businesses. A big takeaway in Michael’s analysis is the need for many individuals to seek assistance from professional tax, retirement, and estate planning advisers. For many people, the tax changes will change how they plan for retirement. It may also change how they structure their estate plan, including trusts and Medicaid planning strategies.
• Encouraging businesses to create new jobs and raise salaries will be perks of the bill’s substantial tax cuts.
• Decreasing taxes on all tax
brackets will provide substantial tax relief for the middle class.
• Allowing corporations and
• Eliminating the Obamacare
businesses to bring money back
penalty will be a relief for those who do not have health insurance.
Critics of the bill say otherwise:
• Individual tax cuts will expire after 2025, but tax cuts for businesses will continue.
• Eliminating the health insurance mandate will likely cause premiums to increase for those who continue to purchase health insurance through the marketplace.
If you have questions about the tax bill, the article is a great place to start. But if you need help navigating the changes in the tax code, don’t hesitate to get in touch.
Chris’ Paleo Corner:
CITRUS GRILLED SHRIMP
Thank You!
For us to be able to help family and friends just like you, we depend on referrals.
DIRECTIONS
Course: Dinner Cuisine: Paleo Prep time: 30 minutes
Total time: 30 minutes Servings: 4
1. Whisk the oil, lime, lemon, honey, coriander, salt, and pepper in a large bowl until well-combined. Add the shrimp and veggies to the bowl and toss to coat. 2. Thread the shrimp and vegetables onto skewers. 3. Heat a gas or charcoal grill to medium-high heat. Grill until shrimp turn pink and vegetables are charred. 4. Serve immediately.
Thank you to the following people for your support!
INGREDIENTS
• 1/2 cup olive oil • Juice and zest of 1 lime • Juice and zest of 1 lemon • 1 teaspoon raw honey • 1/2 teaspoon ground coriander • 1/2 teaspoon sea salt • 1/2 teaspoon black pepper
Sue Anne Addy Jean Hanka Richard Paul
• 1 pound raw shrimp peeled and deveined • 4 cups mixed, cubed vegetables of your choice (squash zucchini, bell peppers, onions, etc.)
https://ultimatepaleoguide.com/citrus-grilled-shrimp/
888-390-4360 • 3
Plan. Protect. Preserve.
Made with FlippingBook Online document