Mid-Tax Season 2018 Tax Law Commentary

The preliminary tax season analysis is in, and almost everyone is getting a tax cut in 2018 vs 2017. There are lots of ups, downs, and sideways in the workings of the new tax law, but in general taxes are lower than before, and that seems like a good thing for our economy. As you may know, I don’t feel that any addition to the national debt really matters at this point, as the current debt will never be paid back in any meaningful or valuable dollar other than depreciated future dollars which will be worth a lot less than the current greenback, which is worth about 3% of what the dollar was worth a hundred years ago. We will see the effects of the new tax law as we go forward, but I for one am happy to see most taxpayers keep more of their hard-earned money.