General

Why IRS Tax Reform Now?

The reply is easy; Dollars and Sense (Cents) …

Transportation is taken into account essentially the most very important a part of America's infrastructure. The US Department of Homeland Security and The Department of Transportation company equipment is compromised of: The Transportation Security Administration and The National Transportation Safety Board companies respectively.

According to The US Department of Labor Force statistics in 2019 roughly 10 million Americans are employed as Truck drivers, Bus or Urban Transit, Taxi and or Limousine service drivers.

Well, because of the biggest employers within the United States; Uber and Amazon Flex. The purpose the US Government (IRS) desires to implement "Tax Reform" now could be as a result of the nation presently has greater than 10 million drivers who’re "writing off their transportation expenses on their taxes (ie mileage deductions, fuel costs, repair & maintenance costs , motor vehicle lease & insurance costs etc.) "This shouldn’t be acceptable to Uncle Sam."

Now that monetary accounting apps (ie Mile IQ, Inuit Self-employed and many others.) have enabled many Americans to efficiently grasp the "IRS Learning Curve" and allows those millions of Americans employed in the transportation industry to effectively eliminate expensive operating costs. "This is an enormous downside for the Federal Government." The IRS shouldn’t be going to permit thousands and thousands of American households to save lots of more cash and luxuriate in incomes a livable wage that’s above the poverty degree.

Now are you getting the large image!

The proposed Trump Tax Plan will get rid of "Itemized Deductions" and impose and "flat-tax" that can assist make sure that thousands and thousands of working class Americans (ie truck drivers, Uber & Amazon Flex drivers and many others.) don’t escape the insatiable greed of Uncle Sam.

What tax methods will work in 2019?

It's all about location, location, location. With so many new "items of laws" being launched in a number of States and municipalities all through the nation. Even essentially the most tenacious CPA's and Banking Cartels are working extra time to affect the legal guidelines to try to negotiate discreet loopholes that can enable their property to stay untouched and of their personal possession.

Do immigrants pay Income taxes?

Yes. Legal Immigrants which have gone by means of the right authorized course of and obtained a social safety quantity that’s lawfully issued by the IRS. They should then discover gainful employment, full the Department of Homeland Security Form I-9 and IRS Form W-Four with their employer after which voluntarily pay any monies owed to the US authorities after they file their Federal or State revenue tax returns.

No. Illegal Immigrants (ie undocumented employees) that would not have a IRS issued social safety card. They have obtained employment or earn wages "tax free" and are likely being paid "under-the-table" and don’t pay any Federal Income taxes.

Take heed that you simply be neither deceived nor distracted by these ravenous wolves in sheep's clothes!

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close