Who Will Win The 2020 Election?

[avromie7]

Some need to get out of their bubble!
https://www.msn.com/en-us/news/us/thousands-line-up-in-texas-to-receive-food/ar-BB1b4zah?li=BBnb7Kz

It must be because of the tax cut.

[yesitsme]

Trumps tax law is a disaster, and he definitely didn't simplify it the way he claimed to make a post card, He put a cap on salt deductions, schedule c tax rate went down for the rich and up for the poor...

[mushkovits]

Trumps tax law is a disaster, and he definitely didn't simplify it the way he claimed to make a post card, He put a cap on salt deductions, schedule c tax rate went down for the rich and up for the poor...

Can you please elaborate on schedule c rate going up for the poor?

[yesitsme]

The corporate tax rate was changed from a tiered tax rate ranging from 15% to as high as 39% depending on taxable income to a flat 21%

[mushkovits]

The corporate tax rate was changed from a tiered tax rate ranging from 15% to as high as 39% depending on taxable income to a flat 21%

Isn’t schedule c for self employment? Wouldn’t Corp tax be on a Corp return?

[yesitsme]

I got no clue, I had to accountants in my car today one was for Trump and 1 was against Trump (they were both against Biden) they both agreed that trump messed up with the tax cuts I'm merely quoting them, Could be I got the wrong terminology/wording

[yitzgar]

The gimmick of putting it all on a post card was very annoying. Pretty much just made nearly everyone add more schedules. Didn't actually simplify anything.
 And raising standard deduction happened to not be helpful for those with one child, as they also removed the personal exemption which was abt 4k pp, so it was basically a wash.

[CountValentine]

It must be because of the tax cut.

No it is for people like you and Trump that think market highs somehow equates to the economy for middle/low income earners must be doing great.

[avromie7]

No it is for people like you and Trump that think market highs somehow equates to the economy for middle/low income earners must be doing great.

No, it doesn't equate to middle/low income earners doing great, but it is great for those of us lucky enough to have a 401k or IRA.

[S209]

Isn’t schedule c for self employment? Wouldn’t Corp tax be on a Corp return?

No, a schedule C is for all businesses owned by a sole proprietor or single member LLC (even with employees) not just self employed.

[avromie7]

The corporate tax rate was changed from a tiered tax rate ranging from 15% to as high as 39% depending on taxable income to a flat 21%

Low-middle income people don't usually file as a C Corp.

[S209]

Low-middle income people don't usually file as a C Corp.

People who own small businesses usually file a Schedule C (not a C Corp).

[avromie7]

People who own small businesses usually file a Schedule C (not a C Corp).

And they got a 20% deduction.

[Jellybelly]

https://twitter.com/JennaEllisEsq/status/1328844700883808260?s=19

[skyguy918]

https://twitter.com/JennaEllisEsq/status/1328844700883808260?s=19

Doesn't work that way. ETA: Didn't read clearly enough. More like all those ifs not gonna happen.
 https://mobile.twitter.com/JocelynBenson/status/1328849110619840513

[yelped]

https://twitter.com/JennaEllisEsq/status/1328844700883808260?s=19

And then we can say that Trump stole the election.

[shapsam]

And then we can say that Trump stole the election.

... הגונב מן הגנב

[PlatinumGuy]

Doesn't work that way.
 https://mobile.twitter.com/JocelynBenson/status/1328849110619840513

Unfortunately the MI SoS is giving too much credit to precedent & decency. The MI state board of canvassers  is also comprised of 2-2 D-R, and needs a 3-1 majority to certify. If the Republicans refuse again, the governor doesn't fire them, and the courts don't force them to certify (or certify in their stead), it will indeed end up at the legislature. However, even if the legislature nominates Republican electors, the Democrat governor Whitmer can veto it, unless they issue a concurrent resolution, which may be illegal and can lead to arrests by MIs D AG

https://www.floridaphoenix.com/blog/regarding-michigan-courts-could-step-in-if-theres-a-deadlock-to-certify-bidens-election/

https://www.bridgemi.com/michigan-government/michigan-dems-prep-doomsday-scenario-what-if-trump-loses-wont-concede

https://www.michiganadvance.com/2020/10/04/could-the-legislature-help-hand-trump-reelection-even-if-he-loses-michigan/

[aygart]

People who own small businesses usually file a Schedule C (not a C Corp).

Or s Corp

[ShimshonK]

https://twitter.com/JennaEllisEsq/status/1328844700883808260?s=19

They reversed course on that and certified the results.