10 Reasons Billionaires Pay Less TAX Than You

BUSINESS INCOME

Joshua Wu, tax partner at Clark Hill, cites the new Section 199A, which allows non-corporate business owners to deduct up to 20 percent of their qualified business income from a partnership, S corporation, sole proprietorship, or trust. “That 20 percent deduction is not available to people who earn money as normal employee W-2 wage earners,” he says.

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