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The GOP tax plan creates one of the largest new loopholes in decades
Los Angeles Times ^
| 12-31-2017
| Lily Batchelder, David Kamin
Posted on 12/31/2017 2:27:17 PM PST by spintreebob
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Employees become small businessmen? Turn union member Democrats into Capitalist Republicans? Imagine an infrastructure project where every worker is self-employed and there are no union members? No union dues? And no way for Democrats to claim to be for the working man.
To: spintreebob
Penalizes workers? Workers whom presumably pay personal income tax as well. How is that a loop hole - a rhetorical one manufactured by lefty propaganda machines?
2
posted on
12/31/2017 2:31:32 PM PST
by
PIF
(They came for me and mine ... now it is your turn ...)
To: spintreebob
Cool! How do I take advantage of this?
3
posted on
12/31/2017 2:32:37 PM PST
by
SaxxonWoods
(CNN IS ISIS.)
To: spintreebob
Beware comrades. The Republicans are going to kill the proletariat.
The pass through promotes capitalist profits at the expense of the workers who’s sweat actually earned them.
The deserving workers get no pass through
4
posted on
12/31/2017 2:32:48 PM PST
by
Thibodeaux
(2018 is looking good)
To: spintreebob
“Where’s my Obamaphone!?!”
5
posted on
12/31/2017 2:33:16 PM PST
by
Cicero
(Marcus Tullius)
To: spintreebob
Gee..., is there anyway we can turn this economic honeycomb into a bitter persimmon!??? MSM Rule Number One!!!
6
posted on
12/31/2017 2:33:40 PM PST
by
ExSES
(the "bottom-line")
To: SaxxonWoods
It’s called an S-Corp.
If you own a small business talk to a good tax man about it.
To: spintreebob
This is nonsense! We have commercial property. We are not a corporate entity. Our net income from our business comes over to the main page of our tax return from Schedule E. Other kinds of small sole-proprietorships do likewise on Schedule C. Nothing will change for us except in the area of Schedule A deductions where there will be limitations on non-Federal tax amounts that can be claimed.
8
posted on
12/31/2017 2:35:39 PM PST
by
vette6387
To: spintreebob
So what? If its immediately passed thru then its taxed to the owner on his personal return.
9
posted on
12/31/2017 2:35:50 PM PST
by
Brilliant
To: spintreebob
Looks like the number of startups will take off like a rocket, spurring investment.
10
posted on
12/31/2017 2:36:14 PM PST
by
MV=PY
(The Magic Question: Who's paying for it?)
To: spintreebob
A “loophole” occurs whenever anyone is allowed to keep money they earned.
11
posted on
12/31/2017 2:36:51 PM PST
by
E. Pluribus Unum
(<img src="http://i.imgur.com/WukZwJP.gif" width=800>)
To: Brilliant
And therefore there is no double tax on the same income. Which was the point.
12
posted on
12/31/2017 2:40:18 PM PST
by
dynoman
(Objectivity is the essence of intelligence. - Marilyn vos Savant)
To: spintreebob
That doesn’t sound like a “loophole”.
13
posted on
12/31/2017 2:41:03 PM PST
by
headstamp 2
(My "White Privilege" is my work ethic.)
To: spintreebob
Those who live their lives in envy and jealousy about the other guy having something they don’t have, or getting a better break or a better deal than they have end up bitter and miserable and wasting their days - like democrats.
14
posted on
12/31/2017 2:41:31 PM PST
by
Vlad The Inhaler
(United We Stand, Divided We Fall. Remember That Diversity Is The Opposite Of Unity.)
To: spintreebob
It is not a loophole, it is the law. I hate it when lefty buttwipes call laws loopholes.
To: spintreebob
Sounds like a tax code adaptation to the “Gig Economy”. People like Uber drivers will benefit from this. Is the “Gig Economy” really a good thing? Well, that’s for the market of millions of individuals to decide.
16
posted on
12/31/2017 2:44:59 PM PST
by
Incorrigible
(If I lead, follow me; If I pause, push me; If I retreat, kill me.)
To: Vlad The Inhaler
Exactly.
A message to the buttwipes Lily Batchelder and David Kamin, IT”S NOT YOUR FREAKING MONEY!!!!!!!!!!!!
To: Brilliant
So what? If its immediately passed thru then its taxed to the owner on his personal return.That used to be the law. The new law taxes only 80% of what's passed through. The other 20% is not taxed at any level, corporate or individual.
To: E. Pluribus Unum
A loophole occurs whenever anyone is allowed to keep money they earned.You've got the essence of the complaint, right >>>>> there.
19
posted on
12/31/2017 2:48:12 PM PST
by
chiller
(If liberals didn't have double standards, they'd have none at all.)
To: spintreebob
Loophole? Or is it really a design feature?
20
posted on
12/31/2017 2:50:44 PM PST
by
Lysandru
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