ilmscore | Prediction Details
"you get a 20% tax break for doing nothing except being a small business owner. So, for example, let's assume that you make $200,000 in revenue. Then you have your expenses. Whatever your expenses are, your payroll, your rent, your softwares, you have $100,000 in expenses, which leaves you with $100,000 of profit. ... you get to qualify now for a 20% tax write off. So, you take a 20% deduction, which in this case is $20,000, and now you get to tell the IRS, hey, my taxable income is $80,000."
By Minority Mindset | July 31, 2025 | Pending
From video
Trump’s New Tax Rules: The Hidden Wealth Benefit Most People Will Miss 00:14:00 - 00:14:44
Interpreted Prediction
A small business with $100,000 in profit can take a $20,000 (20%) QBI deduction, reducing taxable income to $80,000.

Prediction Details

Topic
Pass-Through Deduction Example

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