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PeelingLayers
searching PlanetScale…
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by
PeelingLayers
1y ago
The funny thing is the full write off in section 174 was pretty much the key to a bigger middle class. By repealing it, the president created an ailment that he will only cure if he can get himself dictatorial powers. It is really valuable
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PeelingLayers
1y ago
It’s pretty obvious if you do your own company’s taxes. The old 174 allowed all software engineering work to be deducted on year on - you put in effort you get tax offsets for future profits. If that effort fails you can get acquired and th
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PeelingLayers
1y ago
Section 174 was permanent, until the Tax act of 2017 pushed by the current President made them expire in 2022, under a different President. That was when the market tanked and the Layoffs began. The current bill debated in congress that has