Tax Experts Plan to Drive Wealthy Clients Through Gaping Hole in Tax Code
If you ever really payed any attention to tax law reductions since the Reagan era, you should know by now that there is always a loop hole left for the lawyers of the most wealthy to find it, umm, use. Well, actually, they help get them in the laws. Anyways. You might remember before the latest tax law was passed, it was almost passed? The day before it was going up for vote they realized the provision this article is talking about, this 20% thing, was essentially, the way it was written in the first attempt, voiding out a previous provision in the then current tax law. After all is added up there is a provision to where the sum if at 35% such and such with certain classification they then get a reduction to this 20%. I guess this article is to tell us how they refined the classifications to work again. It's basically a poor mans sucker for the small business owners. Being it fades out over time for them just as the supposed tax cuts do for us peasants. It's a vote keeper tactic. Feed them some peanuts for a couple years to keep their vote, making them feel like they're in the club.
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