In the news today, Trump's proposal for tax reform is being considered for passage in Congress. Tax reform is another one of those complex issues that, if passed, could have far-reaching consequences for every citizen, in every state of the union.
Financial tax experts say that after reviewing Trump's Tax Reform outline, people who live in states with progressive tax codes, like California, New York, Oregon and New Jersey will pay higher taxes. Currently, taxpayers in states with higher tax rates are able to deduct more from their federal taxes, than those who live in states with lower rates.
Then, there is also the issue of changes that impact state revenues, due to changes affecting Federal Estate Taxes.
This could easily turn into a real hornets nest and get ugly real fast. Obamacare repeal turned into a healthcare debacle of epic proportion and this tax reform proposal, could equally follow suit, ultimately enjoying the destiny of the Dodo bird.
Granny Annie has decided to serve a delicious pot of soup for lunch, complete with fried rice, wontons and iced lemon-ginger tea. A fortune cookie is included. (Please note: all foods listed on the menu will be taxed following the Trump Tax Reform guidelines. Higher state taxes will apply.)
"Granny Annie's Politic Cafe Bird Nest Soup"
Ingredients:
- 10ounces fish base, dried bird nests
- 1tablespoon oil
- 12cups chicken stock
- 1tablespoon fresh gingerroot, chopped
- 1⁄2cup chicken meat, small diced
- 1⁄2cup straw mushroom, diced
- roux, cornstarch
Directions
"Boner Appertite!"
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