They just need tax relief and this is taking a tax burden off their backs but the stimulating nature is well designed so for example, i was at a Manufacturing Company not long ago and my constituents in suburban chicago. The company said this. Peter, were going to invest 30 million in our plant next year if that Tax Bill Plans with full expensing as we proposed, were not going to spend 30 million. Were going to spend 50 million its that type of approach that were trying to create here which is why there was so much enthusiasm about it among republicans in the house. You havent seen this in a long long time. Maria well you have enthusiasm sure but not so much from those 13 republicans who voted no against the house bill. God bless them and if youre chasing everybody all the time in terms of a Roll Call Vote youll be waiting a long time. To get 227 House Republicans to agree on something as big as this is i think incredibly
significant and a good milestone but we still have good work to
The first legislative proposal approved by the 2023 General Assembly will enable some Indiana businesses to pay less in taxes to the federal government.
S corporations, or S-corps, are one of the most popular entity choices for businesses. In contemplating the sale of an S-corp, plan how transaction is structured from tax perspective to maximize gain on sale and avoid pitfalls that can result in liabilities for shareholders.
ago:ey obamacare taxes. medicare taxes. so they pro protected 95% of their income that went through the loop hole, i the s -corp. millions of dollars protected from payroll tax, that is a half million in taxes they otherwise would have paid. here is the problem. they said the s-corps