Seth Meyers Takes a Closer Look at Trump’s Tax Plan


4 thoughts on “Seth Meyers Takes a Closer Look at Trump’s Tax Plan

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  1. This tax plan will encourage more employees to use the self employment/1099 route to pay lower taxes. Trump & Co. never looked at the way this business tax rate can reduce the amount middle class workers pay. All of a sudden workers can claim mileage to work, meals, health insurance, supplies, any part of a residence used for work. They have to pay their own Social Security at a higher rate, but it will be reduced because their taxable earnings will be lower.
    Once people get wise to 1099 filing, many learn to fudge numbers by picking up receipts from friends, trash, litter, etc., and load up on business expenses.

    (disclaimer: I have been a part time tax practitioner since 1977.)

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