Mark J. Kohler
👤 PersonAppearances Over Time
Podcast Appearances
in a crude laboratory in the basement of his home mark dude appreciate your time appreciate you coming on the show i'm excited to have this conversation today no it's my honor seriously i really appreciate opportunities like this so we can both impact more people it's just it's wonderful
in a crude laboratory in the basement of his home mark dude appreciate your time appreciate you coming on the show i'm excited to have this conversation today no it's my honor seriously i really appreciate opportunities like this so we can both impact more people it's just it's wonderful
Yeah. Now, thank you. It's a wonderful question. And I don't want any of the listeners here to think I'm just out on the Trump campaign trail. I am not. I am all for Main Street America. And whether it's Democrat or Republican, let's pass good tax legislation to help small business owners and real estate investors, because that's the backbone of this country. It's not the big corporations.
Yeah. Now, thank you. It's a wonderful question. And I don't want any of the listeners here to think I'm just out on the Trump campaign trail. I am not. I am all for Main Street America. And whether it's Democrat or Republican, let's pass good tax legislation to help small business owners and real estate investors, because that's the backbone of this country. It's not the big corporations.
It's 90% of our economy are small business owners with less than 100 employees. And so I'm with you. We are... going to hope that this new legislation this year will have the best and the most impact on that segment of our, of our country and that economy. So, well, what's kind of fun here is we've got Terminator one. Now we get Terminator two. What did we see in the first movie?
It's 90% of our economy are small business owners with less than 100 employees. And so I'm with you. We are... going to hope that this new legislation this year will have the best and the most impact on that segment of our, of our country and that economy. So, well, what's kind of fun here is we've got Terminator one. Now we get Terminator two. What did we see in the first movie?
You know, in the first movie, that's exactly what we got. We've got Bonus depreciation for equipment and real estate investors. The opportunity zone provisions. Better deductions for autos and mileage. Better tax rates. We simplified the tax rates and lowered the tax rates across the board for the wealthy and the middle class and the low. Everybody got a tax cut.
You know, in the first movie, that's exactly what we got. We've got Bonus depreciation for equipment and real estate investors. The opportunity zone provisions. Better deductions for autos and mileage. Better tax rates. We simplified the tax rates and lowered the tax rates across the board for the wealthy and the middle class and the low. Everybody got a tax cut.
And so that Tax Cuts and Jobs Act, which was about 500 pages, I used to carry it around with me for a year or two as I was on the road explaining it, wrote a second edition of my book to explain it. It was packed with a lot of stuff. But here's the interesting point. The guts of it was, we're going to offer all these tax incentives for the middle class, lower tax rates and these tax strategies.
And so that Tax Cuts and Jobs Act, which was about 500 pages, I used to carry it around with me for a year or two as I was on the road explaining it, wrote a second edition of my book to explain it. It was packed with a lot of stuff. But here's the interesting point. The guts of it was, we're going to offer all these tax incentives for the middle class, lower tax rates and these tax strategies.
How in the hell are we going to pay for it? He brought... foreign corporation, U.S. corporations doing business abroad, they had to bring their revenue back to the U.S. He slammed all the foreign bank account issues going on in Switzerland and multiple countries. He was tough on the corporations. He said, bring your money back to the U.S.
How in the hell are we going to pay for it? He brought... foreign corporation, U.S. corporations doing business abroad, they had to bring their revenue back to the U.S. He slammed all the foreign bank account issues going on in Switzerland and multiple countries. He was tough on the corporations. He said, bring your money back to the U.S.
And in turn, I'll give you a 21% corporate tax rate, but I want all this money brought on shore. So that's what a budget has to do. So when he passes this bill, everybody, last point, When you pass a budget like this, or bill, it's got to balance in 10 years. It's legislative required. So it's got to balance in 10 years.
And in turn, I'll give you a 21% corporate tax rate, but I want all this money brought on shore. So that's what a budget has to do. So when he passes this bill, everybody, last point, When you pass a budget like this, or bill, it's got to balance in 10 years. It's legislative required. So it's got to balance in 10 years.
So where the government giveth all these great, cool tax strategies, he's got to show how we're going to pay for it. And I'll tell you how we're going to pay for this round. But your first question was, did the Tax Cuts and Jobs Act really do that? It did. And we saw it. And we saw the economy flourish. Will he do it again? We're all crossing our fingers.
So where the government giveth all these great, cool tax strategies, he's got to show how we're going to pay for it. And I'll tell you how we're going to pay for this round. But your first question was, did the Tax Cuts and Jobs Act really do that? It did. And we saw it. And we saw the economy flourish. Will he do it again? We're all crossing our fingers.
And the promises he made this week say he is. So we can get into how he's going to pay for it.
And the promises he made this week say he is. So we can get into how he's going to pay for it.
Ryan, your skepticism is completely valid and millions of Americans are frustrated by this. They turn on mainstream media or listen to a C-SPAN cut hearing, throw it out on social media, and they're like, what the hell? Trump just said he's not going to tax tips. He's not going to tax Social Security. He's not going to tax overtime. We're going to keep our tax rates up.
Ryan, your skepticism is completely valid and millions of Americans are frustrated by this. They turn on mainstream media or listen to a C-SPAN cut hearing, throw it out on social media, and they're like, what the hell? Trump just said he's not going to tax tips. He's not going to tax Social Security. He's not going to tax overtime. We're going to keep our tax rates up.