Just finished listening to it at the gym. Schiff spends 36 minutes going over the bill. His general theme is this will be the most “gameable” and complicated tax bill in recent history in terms of business and pass thru income.
The incentives to get out of W-2 income into an LLC are humongous.
He goes over all the different ways this is going to be gamed. He believes the government won’t collect nearly as much income as they think because of all the entities that are going to change structure to avoid tax.
Very interesting. This podcast episode is titled “Swamp 2, People 0”. Episode 310.
The incentives to get out of W-2 income into an LLC are humongous.
He goes over all the different ways this is going to be gamed. He believes the government won’t collect nearly as much income as they think because of all the entities that are going to change structure to avoid tax.
Very interesting. This podcast episode is titled “Swamp 2, People 0”. Episode 310.
