"It's nothing compared to that hunchback." Ronald heard this comparison and gradually felt relieved. It seems that the box office of "Arrogant" will not be too bad, and his famous vision of selecting movies will not be challenged for the time being.

"Michael Douglas called. He just finished filming Fatal Attra and wants to talk to you."

"Let's wait until the editing of my new film is completed. Please explain it to him for me, and I'll find him after I'm done." Ronald roughly guessed Douglas's intention, and set the time to meet after the editing of "Dirty Dancing" was completed.

after.

"Spielberg called from Xujiahui Film Studio and said that your friends, Assistant Director Huang and Xiao Yan, helped him a lot and expressed his gratitude."

"Remind me to call him back. Or you can send me a telegram first. It's difficult to get through international long distance calls there."

After sorting out some things accumulated during the filming and vacation, Ronald was about to leave Niceta's office.

"Rick," the door opened and Paula Wagner walked in.

"Oh, Ronald, you are here too." Paula hugged him and then handed her husband Niceta a piece of paper. Niceta looked at it and it seemed that the two of them had something to discuss.

"I was about to leave." Seeing that she seemed to have something to talk to her husband, Ronald said goodbye.

"By the way, Ronald. Do you still have stock investments?" Niceta suddenly stopped Ronald, "I originally planned to talk to you about this new legislation."

"The tax reduction bill pushed by the Prime Minister will be passed by both houses of the House. The new provisions treat income from long-term stock investment as the same as other income, and the highest tax rate is also applied.

The tax exemption limit of 60% of long-term asset income has also been cancelled. Please contact your accountant as soon as possible. If you don’t sell it this year, the new tax law will apply next year. Rick and I, as well as all our stars, must

Notification arrived." Paula continued to explain.

"Ah?" Ronald didn't expect that the new tax law would have such a trick, "Didn't it mean that the commander-in-chief supports tax reduction? Why did he increase taxes?"

"This is a tax reform bill, not a tax cut bill scrawled in the newspaper." What Paula Wagner was holding in her hand was taken from an accounting firm. It contained a concise explanation of the provisions of the new tax law that have a major impact on star actors.

The top federal personal income tax rate has been lowered from 28% to 20%, which is good news.

But in the past, if you bought a house or stock, and earned money by holding the asset for more than a year and then selling it, you only needed to calculate and pay a discount as the tax payable on the profit. Under various discounts, in fact

Only about 30% of long-term capital income is subject to tax.

In this way, the actual tax rate for investing in stocks and real estate is only 10%. The "Tax Reform Bill" promoted by the media as a tax reduction bill actually more than doubled the tax rate for these high-income groups.

Moreover, the new bill also cancels many of the original tax exemption provisions. For example, if you re-purchase assets, there will be no tax deferral benefits in the future. If you sell and make money, you will have to pay taxes.

Therefore, celebrities must allocate their assets again to avoid high losses after the new tax law.

"Fortunately, I sold all the stocks." Ronald crossed himself secretly. "Otherwise, wouldn't I have to pay millions in back taxes? This still does not include the losses caused by the inevitable fall in stock prices due to the increase in taxes."
Chapter completed!