20% Deduction – Let The Games Begin
© Photographer - James C. Mutter / Facial Plastic Surgeon Amir Karam, MD / Originally published on forbes.com. The 20% deduction for qualified business income is the...
20% Deduction – Let The Games Begin
You probably think that this fantastic blog is the result of my individual skill and its success is tied into my great reputation (My twitter followers grew by the scores in the last couple of weeks). Well you are wrong. I have a fantastic research service and this really cool three screen computer setup. And my partner in business and life makes sure I eat a healthy diet and is always asking me questions that spark my creativity. With those resources, just about anybody could have a tax blog as good as this one. That’s my story and I’m sticking to 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.