The House bill is awesome for people with LLCs, the Senate bill also to a lesser degree. You’d never know it from any reporting.
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I see people in freelance and entrepreneur Facebook groups complaining about “tax cuts for millionaires” with no clue that the changes greatly help them too
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Tell me more Trevor. I haven't dug enough enough to see what the benefits are for freelancers, entrepreneurs and LLCs but I'm glad to hear it
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From here: http://money.cnn.com/2017/12/02/pf/taxes/senate-tax-bill-passed/index.html … It looks like service businesses get smaller breaks, but 9% tax for businesses with <$75k profits is awesome and top rate of 25%pic.twitter.com/UYvrB28p9g
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I love this; really just slashes double taxation, which is an obvious and enormous direct blow to entrepreneurs. If there’s one place we should cut taxes, has to be there
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