People like me will get more haircuts? If your business does well than you and your employees will spend more money on business not directly impacted by Trump policies. Or do you hoard your cash when business is good?
Yes and it drops down wages in the industry and incentivizes people to not get the proper education to do the job properly.
A tax preparer, you say? Maybe you'd like to weigh in on this very interesting subject: http://bbs.clutchfans.net/index.php?threads/harvey-a-year-later.293122/page-3#post-11958587
We have a LLC so it is pass thru income. Sure some of the changes in depreciation are fine, but it's not a major deal. Also, I am an investor in this LLC and the Republicans decided not to get rid of the 3.8% Medicare tax on passive investment, but this doesn't influence any of my investing decisions in this business. The major factor that has influenced our expansion is the fact that our franchisor, The UPS Store, offers 5% fixed rate loans over 8 years due to various factors that qualify us as premier owners. Further, our franchisor has also done a good job with various programs such as drop offs for Amazon packages, U-Verse & Direct TV equipment, etc that pretty much pays our rent at our stores each month. For examples of state level stuff we get hit by the franchise tax which is ****ing stupid. It is a tax on sales and not on profits. That hit us for $12,000 in 2017. Also, we do a lot of notaries at our stores. In 2017 there was a change to the law that controls notary prices. It made it to where all we have to do is lobby the Secretary of State to get prices increased instead of trying to get the legislature to pass a law to increase prices. If we can get some kind of price increase (notary prices haven't changed in like 30 years in Texas) then this would be potentially a massive profit increase for our stores. I understand what you were trying to say but we were expanding business before the tax cuts and after the tax cuts.
Because small businesses have no idea how to look at the long term economic indicators... that's why when recessions and downturns come, small businesses are hit the hardest because they are rarely, if ever prepared for it.
the real beneficiary are those in highly paid professions that can be assigned as contract entity, S corp with solo 401k
Coffee shops and I'm not going to bother posting more details as it is clear you already have your mind made up that due to Dotard all small biz are benefiting in some way.
I often wondered about that but what percentage of people require much beyond a 1040 or 1040Ez Rocket River
This truly is a bullshit poll. The source, NFIB is a small business lobbyist group. Their methodology is nothing more than a survey sent to their paying members. They also do not include crucial data on the survey itself, such as the number of surveys sent and the numbers returned. and how those participation numbers compared to prior survey results. NFIB Research Center has collected Small Business Economic Trends Data with Quarterly surveys since 1973 and monthly surveys since 1986. The sample is drawn from the membership files of the National Federation of Independent Business (NFIB). Each was mailed a questionnaire and one reminder I'm a member of the NRA, and this would be like the NRA sending me a survey asking how optimistic I was about the 2nd Amendment.
I was just j/k. I know nothing about their survey. Given this, it’s still a trend of some sort, but within a narrower range of “small” business folks (e.g. all republicans). Doesn’t seem like you can just extrapolate this to small busn in general. P.s. small, very small busn here and I have never heard of them.
