In examining the effects of the tax cut law, as it would apply to me personally, Elderly, Widower, all children grown and gone. Own and operate a small business, and otherwise retired (three times)
Estimated annual tax savings for the next two years: $200.00 After that, the old laws go back into effect. The principal beneficiaries of the tax cut, even though it is for a limited time, is the very rich, and families with children as dependents where the dependant exemption goes from $600 per child to $1000 per child for few years. Small business can depreciate new capital assets at the rate of 50% for the first year, for two years, then it reverts back to the old system. The quoted paragraph below is one program that I personally do not feel should ever get Federal funding. Over 95% of the listed children are due to domestic and custody disputes, and there are laws already on the books to take care of them. Adding resources to the already existing layers of aid is just redundant and a waste of money. | | Annual cost of funding the National Center for Missing and Exploited | Children: $20 million | | ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/cf_lists/index.cfm?forumid=5 Subscription: http://www.houseoffusion.com/cf_lists/index.cfm?method=subscribe&forumid=5 Signup for the Fusion Authority news alert and keep up with the latest news in ColdFusion and related topics. http://www.fusionauthority.com/signup.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
