BREAKING: TRUMP DECLARES MAJOR TAX CUTS | What You Must Know

"realistically if no tax and Social Security is passed wealthier retirees would have significantly more discretionary income"

"I have a feeling there's going to be a lot of fine print because the fact is a lot of employees are salaried so this probably isn't going to affect them"

"renewing the 2017 tax cuts this means the top tax bracket's going to remain at 37% instead of the previous 39.6% those amounts would more or less be adjusted to inflation every year"

"we're going to get another round of 2017 tax cuts that were fantastic for business owners for example that allowed a 20% pass through deduction for business owners who operated an LLC or a corporation it doubled the estate tax exemption to now $28 million and it allowed a 100% bonus depreciation in the first year for business use"

"the way I see it this is going to be the easiest for Donald Trump to pass through Congress because it really just keeps everything exactly as it has been for the last 8 years without any real changes"

"it was just announced that he plans to adjust the salt cap deduction which I think means we'll probably see a slightly more elevated rate than we did before"

"in terms of all of this actually passing it's a good chance because Republicans currently have the majority control of both the house and the Senate so we're probably going to see a watered down version of everything we discussed potentially going into effect as soon as 2026"