Her present
expenses, $ 5,548 per month, would drop to $ 3,120 with elimination of all mortgage debt, a $ 100
reduction in property tax in a
smaller home, elimination of RRSP savings and her car loan which would be paid by age 60.
The biggest includes a
reduction in the top corporate rate to 21 %, a new 20 % deduction for incomes from certain type of «pass - through» entities (partnerships, S Corps, sole proprietorships), limits on
expensing of interest from borrowing, almost doubling of the amount
small businesses can
expense from the 2017 Section 179 amount of $ 510,000 to $ 1,000,000, and eliminates the corporate alternative minimum tax (AMT).