Are Gigsters Frozen Out Of SBA Disaster Relief?
As it happens I have not taken on any employees yet, so I was very disappointed when I heard from a friend who is also in the film business who might have gotten his application in ahead of me. It seems that SBA is doling out the $10,000 at a thousand dollars per employee meaning that he and I will be getting nothing.
Stimulus’ Tax Benefits Heavily Weighted To Ultrawealthy
That $169.9 billion is significantly lower than the $292.4 billion of rebates, but the $292.4 billion is being split up among well over half the population. The $169.9 billion is going to a relatively tiny number of people. $500,000 of AGI means you are in the top 1%, but 469(l) only affects a tiny subgroup within the 1%. A surgeon making $700,000 per year who does not have anything else going on does not have to worry about it.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.