currahee506

Has he cut taxes on small businesses?

dongreen76

What has that to do with whether or not he is a Liar or not.The tax cuts more less benefited corporations and the 1%, since a lot of Ma & PA shops don't fall into the top one percent catergories, the taxes was not as beneficial to them as it was to the one percent that they are not a part of.Most small businesses are not corporatized.It went like this ,he cut the taxe rate for people or entities in the one percent catergories from a rate of 15%>to 35% down to a flat tax of
21% -this applied to the one percent.Since the small businesses did not fall into the actual physical moneytary catergories it did not benefit them as it did not not benefit the "99".He extended an olive branch 20% tax deduction;if requested ,small businesses can take what they call - "a pass through- business income deduction,what this means is when you are filling ,you can knock off 20% of your income ,there by lowering the amount of taxes you pay annually.- i.e. -you made 100,000 a year, knock off 20%, leaving you 80,000,file accordingly .The catch 22 is that the taxes you pay for the 80,000 bracket may be the same as they are in the 100,000 bracket.This cut is consistent with the Reagan trickle down economic theories of ""keep a climate conducive to businesses growth and expansion,and the underlings will get the trickle downs. Is that fake enough for you.

dilibar

Do any of you non conservative look out the window to SEE if the news is fake or not. Everything the REAL news says, you can see...fake news, not so much