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The Big Beautiful Bill Brings Big Changes For Taxpayers


Authored by Sandra Block via Kiplinger's Perosnal Finance,

The One Big Beautiful Bill Act, signed by President Trump on July 4, includes tax breaks for an expansive range of taxpayers, while scrapping credits for energy-saving vehicles and home improvements.

More broadly, the legislation makes the tax cuts in the 2017 Tax Cuts and Jobs Act permanent, which means tax rates won’t increase after 2025. Here’s a look at how other provisions in the bill could affect your taxes.

User Comments

Ah, this ZH article is not choke-full of trash links, for once!
...or, an IPO is a cash grab. It's free money - somebody will *buy* the stock, and the monies will go to the stock issuer. The valuation doesn't matter, disconnect from reality doesn't matter - let's slap a number on it, and public-offer it, so that the public can spend their money on it.

Nobody is complaining that a company with zero revenue, or a company with zero profit, should be trading at zero value. Thousands of zombie companies don't mind. They just incur more debt, and keep chugging along, often at astronomical valuations.

In fact, Anthropic would be foolish to not do the same. So the only guestion from this article is the valuation: it says, $2T? Well... The price action doesn't have to be connected to reality, there are many mechanics that allows powers that be to influence the price. Which is to say, even if the price is not justified, doesn't mean that the price will fall.

And even if it does fall - who would lose? Not the stock issuer! You would lose, if you buy in at an unfortunate time. Or you would gain, if you are fortunate.

Valuations drive inflation. If a valuation of a centrail piece of intrastructure/enterprise is astonomical, you can expect prices of everything to soon catch up. We have seen inflation jump in Biden years, and we can see it again.
...or, an IPO is a cash grab. It's free money - somebody will *buy* the stock, and the monies will go to the stock issuer. The valuation doesn't matter, disconnect from reality doesn't matter - let's slap a number on it, and public-offer it, so that the public can spend their money on it.

Nobody is complaining that a company with zero revenue, or a company with zero profit, should be trading at zero value. Thousands of zombie companies don't mind. They just incur more debt, and keep chugging along, often at astronomical valuations.

In fact, Anthropic would be foolish to not do the same. So the only guestion from this article is the valuation: it says, $2T? Well... The price action doesn't have to be connected to reality, there are many mechanics that allows powers that be to influence the price. Which is to say, even if the price is not justified, doesn't mean that the price will fall.

And even if it does fall - who would lose? Not the stock issuer! You would lose, if you buy in at an unfortunate time. Or you would gain, if you are fortunate.

Valuations drive inflation. If a valuation of a centrail piece of intrastructure/enterprise is astonomical, you can expect prices of everything to soon catch up. We have seen inflation jump in Biden years, and we can see it again.
...or, an IPO is a cash grab. It's free money - somebody will *buy* the stock, and the monies will go to the stock issuer. The valuation doesn't matter, disconnect from reality doesn't matter - let's slap a number on it, and public-offer it, so that the public can spend their money on it.

Nobody is complaining that a company with zero revenue, or a company with zero profit, should be trading at zero value. Thousands of zombie companies don't mind. They just incur more debt, and keep chugging along, often at astronomical valuations.

In fact, Anthropic would be foolish to not do the same. So the only guestion from this article is the valuation: it says, $2T? Well... The price action doesn't have to be connected to reality, there are many mechanics that allows powers that be to influence the price. Which is to say, even if the price is not justified, doesn't mean that the price will fall.

And even if it does fall - who would lose? Not the stock issuer! You would lose, if you buy in at an unfortunate time. Or you would gain, if you are fortunate.

Valuations drive inflation. If a valuation of a centrail piece of intrastructure/enterprise is astonomical, you can expect prices of everything to soon catch up. We have seen inflation jump in Biden years, and we can see it again.
...or, an IPO is a cash grab. It's free money - somebody will *buy* the stock, and the monies will go to the stock issuer. The valuation doesn't matter, disconnect from reality doesn't matter - let's slap a number on it, and public-offer it, so that the public can spend their money on it.

Nobody is complaining that a company with zero revenue, or a company with zero profit, should be trading at zero value. Thousands of zombie companies don't mind. They just incur more debt, and keep chugging along, often at astronomical valuations.

In fact, Anthropic would be foolish to not do the same. So the only guestion from this article is the valuation: it says, $2T? Well... The price action doesn't have to be connected to reality, there are many mechanics that allows powers that be to influence the price. Which is to say, even if the price is not justified, doesn't mean that the price will fall.

And even if it does fall - who would lose? Not the stock issuer! You would lose, if you buy in at an unfortunate time. Or you would gain, if you are fortunate.

Valuations drive inflation. If a valuation of a centrail piece of intrastructure/enterprise is astonomical, you can expect prices of everything to soon catch up. We have seen inflation jump in Biden years, and we can see it again.
...or, an IPO is a cash grab. It's free money - somebody will *buy* the stock, and the monies will go to the stock issuer. The valuation doesn't matter, disconnect from reality doesn't matter - let's slap a number on it, and public-offer it, so that the public can spend their money on it.

Nobody is complaining that a company with zero revenue, or a company with zero profit, should be trading at zero value. Thousands of zombie companies don't mind. They just incur more debt, and keep chugging along, often at astronomical valuations.

In fact, Anthropic would be foolish to not do the same. So the only guestion from this article is the valuation: it says, $2T? Well... The price action doesn't have to be connected to reality, there are many mechanics that allows powers that be to influence the price. Which is to say, even if the price is not justified, doesn't mean that the price will fall.

And even if it does fall - who would lose? Not the stock issuer! You would lose, if you buy in at an unfortunate time. Or you would gain, if you are fortunate.

Valuations drive inflation. If a valuation of a centrail piece of intrastructure/enterprise is astonomical, you can expect prices of everything to soon catch up. We have seen inflation jump in Biden years, and we can see it again.
...or, an IPO is a cash grab. It's free money - somebody will *buy* the stock, and the monies will go to the stock issuer. The valuation doesn't matter, disconnect from reality doesn't matter - let's slap a number on it, and public-offer it, so that the public can spend their money on it.

Nobody is complaining that a company with zero revenue, or a company with zero profit, should be trading at zero value. Thousands of zombie companies don't mind. They just incur more debt, and keep chugging along, often at astronomical valuations.

In fact, Anthropic would be foolish to not do the same. So the only guestion from this article is the valuation: it says, $2T? Well... The price action doesn't have to be connected to reality, there are many mechanics that allows powers that be to influence the price. Which is to say, even if the price is not justified, doesn't mean that the price will fall.

And even if it does fall - who would lose? Not the stock issuer! You would lose, if you buy in at an unfortunate time. Or you would gain, if you are fortunate.

Valuations drive inflation. If a valuation of a centrail piece of intrastructure/enterprise is astonomical, you can expect prices of everything to soon catch up. We have seen inflation jump in Biden years, and we can see it again.
...or, an IPO is a cash grab. It's free money - somebody will *buy* the stock, and the monies will go to the stock issuer. The valuation doesn't matter, disconnect from reality doesn't matter - let's slap a number on it, and public-offer it, so that the public can spend their money on it.

Nobody is complaining that a company with zero revenue, or a company with zero profit, should be trading at zero value. Thousands of zombie companies don't mind. They just incur more debt, and keep chugging along, often at astronomical valuations.

In fact, Anthropic would be foolish to not do the same. So the only guestion from this article is the valuation: it says, $2T? Well... The price action doesn't have to be connected to reality, there are many mechanics that allows powers that be to influence the price. Which is to say, even if the price is not justified, doesn't mean that the price will fall.

And even if it does fall - who would lose? Not the stock issuer! You would lose, if you buy in at an unfortunate time. Or you would gain, if you are fortunate.

Valuations drive inflation. If a valuation of a centrail piece of intrastructure/enterprise is astonomical, you can expect prices of everything to soon catch up. We have seen inflation jump in Biden years, and we can see it again.
...or, an IPO is a cash grab. It's free money - somebody will *buy* the stock, and the monies will go to the stock issuer. The valuation doesn't matter, disconnect from reality doesn't matter - let's slap a number on it, and public-offer it, so that the public can spend their money on it.

Nobody is complaining that a company with zero revenue, or a company with zero profit, should be trading at zero value. Thousands of zombie companies don't mind. They just incur more debt, and keep chugging along, often at astronomical valuations.

In fact, Anthropic would be foolish to not do the same. So the only guestion from this article is the valuation: it says, $2T? Well... The price action doesn't have to be connected to reality, there are many mechanics that allows powers that be to influence the price. Which is to say, even if the price is not justified, doesn't mean that the price will fall.

And even if it does fall - who would lose? Not the stock issuer! You would lose, if you buy in at an unfortunate time. Or you would gain, if you are fortunate.

Valuations drive inflation. If a valuation of a centrail piece of intrastructure/enterprise is astonomical, you can expect prices of everything to soon catch up. We have seen inflation jump in Biden years, and we can see it again.
...or, an IPO is a cash grab. It's free money - somebody will *buy* the stock, and the monies will go to the stock issuer. The valuation doesn't matter, disconnect from reality doesn't matter - let's slap a number on it, and public-offer it, so that the public can spend their money on it.

Nobody is complaining that a company with zero revenue, or a company with zero profit, should be trading at zero value. Thousands of zombie companies don't mind. They just incur more debt, and keep chugging along, often at astronomical valuations.

In fact, Anthropic would be foolish to not do the same. So the only guestion from this article is the valuation: it says, $2T? Well... The price action doesn't have to be connected to reality, there are many mechanics that allows powers that be to influence the price. Which is to say, even if the price is not justified, doesn't mean that the price will fall.

And even if it does fall - who would lose? Not the stock issuer! You would lose, if you buy in at an unfortunate time. Or you would gain, if you are fortunate.

Valuations drive inflation. If a valuation of a centrail piece of intrastructure/enterprise is astonomical, you can expect prices of everything to soon catch up. We have seen inflation jump in Biden years, and we can see it again.