Skip to main content
Help Center Community Shop

Too bad elections come before tax season

mogley98
I don't know how many small business owners vote Democrat but if they could see their tax liability prior to the election they may think twice.

Pass through entities get a 20% section 199A deduction along with the increased standard deduction.

If someone makes under the caps or significantly less by maximizing the IRA, SEP, self employed Healthcare ins deduction and a HSA, they can avoid a significant amount of tax and put 27K or more away for the future.
0

Comments

3 comments

Date Votes
  • chiefr
    quote:Originally posted by mogley98
    I don't know how many small business owners vote Democrat but if they could see their tax liability prior to the election they may think twice.

    Pass through entities get a 20% section 199A deduction along with the increased standard deduction.

    If someone makes under the caps or significantly less by maximizing the IRA, SEP, self employed Healthcare ins deduction and a HSA, they can avoid a significant amount of tax and put 27K or more away for the future.






    Yep
    That is a big problem with these DEMOCRAT voters. They do not think. They have to let government do their thinking for them.


    Also, most of these DEMOCRATs don't worry about taxes because either they don't pay any or get out of paying altogether.
    0
  • bpost
    You silly man; you stole that money. That is Government's money, you only have the privileged to keep what they feel you should keep so count your belssings. The remainder, actually over 50% all things considered, is their money and they need it for reelection, corruption, travel, sex charges and changes plus free medical care for life and what ever the hell they feel like spending it on.
    0
  • spasmcreek
    why would an elected lie before tax time or after election ???
    0

Please sign in to leave a comment.

Recent Activity