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How To Enjoy The Tax Cuts And Jobs Act

Each section is divided into four parts.  Present Law, House Bill, Senate Amendment and Conference Agreement.  Skip to the Conference Agreement.  That will give you an explanation of the actual bill that the House and Senate will be voting on.  In some cases, it will refer you back to either the House Bill or the Senate Amendment, then you have to roll back.  Or you may be curious enough to roll back anyway to see the different thinking of the House and the Senate.  Sometimes the Conference Agreement has no provision and then you can roll back and see what people were thinking about that did not make it into the final bill.

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Qualified Business Income Is Key Provision To Tax Cuts And Jobs Act

Is it possible that the Republicans are trying to create a world in which everybody is either living off capital or being entrepreneurial?  Frankly, I don’t think that will work well. Much of what makes the world work is people showing up and doing what they are told with skill, knowledge, and dedication. If they are getting a pretty fair deal, they will be loyal – more loyal than their employers deserve usually.  I have a great deal of admiration for entrepreneurs.  Part of my job is to understand them.  And there are other types of celebrated people that I stand in awe of.  But I could probably get by without them better than I could without the guys emptying the dumpster and plowing the snow in my condo complex. And for the life of me, I can’t see why I should pay less tax on the same dollars than they pay.

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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.