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wycats's profile
Yehuda Katz 🥨
Yehuda Katz 🥨
Yehuda Katz  🥨
Verified account
@wycats

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Yehuda Katz  🥨Verified account

@wycats

Tilde Co-Founder, OSS enthusiast and world traveler.

Portland, OR
yehudakatz.com
Joined August 2007

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    1. Nicole Sullivan  💎‏ @stubbornella 26 Dec 2017

      GOPers with businesses are starting to visit their tax accountants and freaking out. They thought they were part of the 1%, but actually they are just upper 99%.

      2 replies 2 retweets 35 likes
    2. Yehuda Katz  🥨‏Verified account @wycats 26 Dec 2017
      Replying to @stubbornella

      It depends how their businesses were structured, but a lot of people aren't getting the tax cuts they expected in states with high income taxes.

      1 reply 0 retweets 1 like
    3. Peter Müller‏ @_munter_ 26 Dec 2017
      Replying to @wycats @stubbornella

      How do they know what they'll get? Has anyone even had time to read the thing and figure out the consequences yet?

      1 reply 0 retweets 0 likes
      Yehuda Katz  🥨‏Verified account @wycats 26 Dec 2017
      Replying to @_munter_ @stubbornella

      Most businesses have done their end of year accounting (we've done it) and accountants move fast at understanding this kind of thing. So a lot of people have heard a rough analysis of 2018 taxes as part of closing out 2017.

      8:16 AM - 26 Dec 2017
      • 1 Like
      • Matt Bertuzzi
      1 reply 0 retweets 1 like
        1. New conversation
        2. Yehuda Katz  🥨‏Verified account @wycats 26 Dec 2017
          Replying to @wycats @_munter_ @stubbornella

          Businesses with good accountants are either super wealthy and gonna be fine, are somewhere in the middle and their accountants will restructure things to help them out, or screwed. Professions on the pass thru exclusion list (doctors, lawyers, accountants) are in trouble.

          1 reply 0 retweets 0 likes
        3. Yehuda Katz  🥨‏Verified account @wycats 26 Dec 2017
          Replying to @wycats @_munter_ @stubbornella

          Engineers were almost on the list but they were somehow removed last minute. Notable: restructuring things to pay lower taxes isn't always great; it can affect how you do business, what benefits you can give, etc. It's a "market distortion" as they sometimes call it.

          0 replies 0 retweets 4 likes
        4. End of conversation

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