Challengers are calling the idea just another tax gift to the rich and opposition is fierce – but I like the idea
The Trump administration is pondering yet another new tax cut. Will it happen? If it does, then it could be a very, very good thing for small businesses around the country.
The tax reduction is aimed at capital gains. Right now if you’ve got an asset – like stock or equipment – and you sell it, you’re likely subject to a 20% tax because it’s considered a capital gain. The Trump administration is proposing change to that rate by taking into consideration the impact of inflation on this gain and allow investors to exclude it.
Continue reading...from The Guardian https://ift.tt/2MkdymZ
