What about small Schedule C businesses? “Income determination” can be an incredible headache, because “expenses” as it now stands are complex beyond belief..
Let’s see. Add tariffs prices go up. Eliminate income taxes people will have more to spend. Increase sin taxes, Bingo!
Don’t forget to gut the government.
No taxes on tips? He’s after my heart but funny. Wasn’t it Reagan who taxed tips?
>> Schedule C
Been filing that for many decades, and a cakewalk compared to the Subchapter S requirements at least for NYS.