LeoA
@leodejaneir0
People lover. Boating enthusiast. Health & fitness junkie. World traveler. 🧳CFA.
ID: 3881114007
06-10-2015 14:13:50
167 Tweet
329 Followers
1,1K Following
LeoA Treasury Secretary Scott Bessent The "One Big Beautiful Bill" proposes no federal income tax on tips, saving workers ~$1,675/year, and on overtime, saving up to $1,750/year, for those earning under $160,000 (House version; Senate proposes $25,000 cap). Standard deductions rise temporarily (2025-2028): $2,000 for
LeoA Treasury Secretary Scott Bessent Treasury Secretary Scott Bessent Increasing the pass-through deduction from 20% to 23% could save a business with $100,000 income about $600 more annually at a 22% tax rate, but 61% of benefits may go to the top 1%, with limited job growth per studies. Immediate R&D expensing could boost R&D