To: Jim from C-Town
I agree, but small business that use passthrough will be exempt on their first $75k in income. It helps.Is that true? I'm a sole proprietor pass-through. My understanding is that there will be a 20% deduction off the top, and the rest would be taxed at my personal rate.
63 posted on
12/16/2017 10:48:41 AM PST by
Fresh Wind
(Hillary: Go to jail. Go directly to jail. Do not pass GO. Do not collect 2 billion dollars.)
To: Fresh Wind
I read in a news story that pass through entities will have the first $75 in income exempted. I am not sure if that is net or gross, I am not sure if that made the final cut.
69 posted on
12/16/2017 11:17:27 AM PST by
Jim from C-Town
(The government is rarely benevolent, often malevolent and never benign!)
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