How about we compound that issue with the least surprising news all year ..http://thehill.com/policy/finance/391295-us-deficit-surges-to-530-billion-in-may-cbo
Halfway through the year....people entitled to the Qualified business income tax deduction need to have roughly 40% of their estimated tax liability paid in by next Friday. And still no clarifications have been offered on how this deduction works or what a specified business is.Thanks IRS, doing great as always.
That's the basics. Gets more complicated than that though when you have clients in gray area service industries, multiple pass through entities.... some with losses, some with income. Then theres the whole rental income issue and if that's a business or an investment.
Suckers.How the Republican tax cuts are failing workers, in one chart - Vox https://apple.news/AuAU3Jm1NRI-734In5GJ-yA
More tax reform brilliance, brilliantly written to check a box and pay back the donor class. Team Trump Treason at it again. What will Team Trump Treason’s personal benefit be? Anyone? 3D? Anyone at all?https://finance.yahoo.com/news/corporations-may-dodge-billions-u-234153823.html
The U.S. budget deficit widened to $898 billion in the 11 months through August, exceeding the Congressional Budget Office’s forecast for the first full fiscal year under the Trump presidency.https://www.sfgate.com/business/article/U-S-Budget-Deficit-Swells-to-898-Billion-13227880.php