Tax reform should certainly make life easier on small business owners.But I've come to realize that a problem when it comes to income taxes is
that while both our State legislature and Congress are full of good people who
sincerely want to do what they believe is the right thing--and this is true
whether I agree with them about what the right thing is--these assemblies are
also overwhelmingly populated with people whose income is not W2, it is not
income from wages.While tax cuts for businesses are great, they
don't always help the guys drawing paychecks.A small business
owner gets to buy business items with pre-tax, rather than post-tax dollars. We
all know good and honest small business owners who make a lot of personal use of
those business expensed purchases: A 4 wheeler may well plow some snow from the
parking lot in the winter, but gets used for the hunt in the fall. Business cell
phones make personal calls too. And "commute" expenses are deductable.
Meanwhile, the wage slaves pay for their toys and commute with post-tax
dollars.We need a few more legislators who draw a paycheck rather
than working for themselves for our laws to account for how most people live.