Also saw corporate tax rate of 21% is effective immediately. Think there was a possibility they might delay that til 2019. So great news!
Seems like a major positive for all of our profitable companies that pay taxes. And not reflected in the profitable microcaps AT ALL. If a company is suddenly going to be paying taxes at 20-25% instead of 35-40%, that's a big boost to the bottom line. Maybe profitable micros with fully taxed earnings will become the new momo darlings in the coming weeks/months :)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.