>>8658085 (LB)
RE: gates is the number one donator.
Look here (gates)
don't look here (soros)
But still look at gates.
POTUS said he's going to have business entertainment expense tax deduction reinstated (since it was cut with the tax law). Sauce: https://nuancefinancial.com/no-more-entertainment-deductions/
Snippet: Pay attention to your spending on meals and entertainment!
Did you know the New Tax Bill Removed Small Business Entertainment Deductions?
Sure, you’re going to get a 20% deduction on your net-income at the end of the day because of the new Tax Cuts and Jobs Act that was passed through deduction and every tax bracket is more favorable, but now entertainment expenses have been gutted.
The entertainment you’re spending on will no longer be 50% deductible! This includes all of your meals unless they’re associated with marketing (even then, make sure to ask your professional).
We’ve been seeing business owners spending on sporting events, golf, and other entertainment, not understanding that in 2018, things are different.
In 2018, there will be no more dinners, golf, events, tickets, or other forms of meals and entertainment for small business write-offs. The Tax Cut and Jobs Act has removed this deduction.
There’s going to be a massive reduction in taxes for businesses of all sizes with the new 20% exemption for pass-through entities, a reduction in the corporate tax rate, and the reduction of all individual tax brackets. However, the government takes when it gives as well.
Entertainment expenses used to be up to 50% deductible, so long as the expense was directly related to (or often times, associated with) conducting business or trade.
NOW POTUS says this has killed the restaurant business. Hopefully when he reinstates this that the "exotic dancer/strippers" is excluded form the deduction as that industry reeks of trafficking (no all but a lot and many "dancers" are "independent contractors" instead of club employees so who really gets tips from those dancers that speaky no english, da nyet?)
God wins. Keep the entertainment deduction "clean", no deduction for whores (ooops I mean models) at golf tournaments, or Nevada