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PROFIT® on Instagram: "During the 2016 debates, Clinton criticized Trump for dodging federal taxes. He shot back that Washington made the laws. Tax avoidance through loopholes, deductions, and shelters is common among the ultra-wealthy. Studies show the richest Americans often pay a lower effective tax rate than middle-class workers. Billionaires and large corporations use strategies like carried interest loopholes, offshore accounts, and charitable deductions to reduce their taxes, sometimes pa
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The 𝗢𝗕𝗕𝗕𝗶𝗹𝗹 is here. Your clients are already asking: "How does the QBI deduction change?" "What's this 100% bonus depreciation extension?" "Can we restructure our SALT strategy?" "Do the R&D expensing rules help us?" 𝗧𝗵𝗲 𝗮𝗻𝘀𝘄𝗲𝗿𝘀 𝗮𝗿𝗲 𝗰𝗼𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗲𝗱. • Permanent QBI with eased income limits • 100% bonus depreciation through 2030 • $40k SALT cap with phase-outs • Immediate R&D expensing for domestic only Plus new limits on charitable deductions, AMT, tips/overtime, and
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The 𝗢𝗕𝗕𝗕𝗶𝗹𝗹 is here. Your clients are already asking: "How does the QBI deduct…
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n A number of people have reached out to me about the benefits in the tax system and that I’ve not communicated them enough. Well… First of all, a lot of people aren’t going to be paying any form of tax Secondly, You need a professional accountant to help you assess your business Thirdly, you need to know the deductions allowed by the government. #Nigeria #onlinebanker #30daystaxeducation | Onlinebanker
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