https://SelfDirected.org/263 The Big Idea

The Trump Administration has proposed a series of tax cut objectives which will, as a whole, have tremendously stimulative effect on the economy. But there's one problem: Part of the proposal could hurt your self-directed IRA...

Points To Ponder

• The Trump Administration has provided a list of policy goals which will dramatically reduce personal and corporate tax rates
• The effects of such tax cuts will be very stimulative to the economy, as has been shown repeatedly and undeniably in the past
• Part of the proposal is to reduce corporate income tax rates from 35% to 15%
• Much to the delight of most observers, Trump wants to extend that rate to pass-through entities like LLC's and S-Corporations, which will result in an effective tax cut there as well
• However, if your own an LLC in your IRA, it could mean that your LLC is obligated to pay 15% tax on its profits, which would defeat the purpose of owning the LLC in an IRA
• This is not a certainty and may be worked out as these policy goals are translated into law
• You must stay informed about this issue in case it becomes necessary to reach out to your representatives. Do that by subscribing to this show now.

Resources

• Trump's Tax Proposa
• This is Episode #263 of Self Directed Investor Talk

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