ilmscore | Prediction Details
"He talked a lot about exempting from taxes tips right overtime pay social security and it's funny because for a lot of our clients they're like well that doesn't really apply to me... but you can imagine how um for businesses and you know business could be like a property management business or Airbnb co-host right you start to play around with the concept of well what is the definition of overtime pay what is the definition of tips is that how I want to play my employees or my cleaners so that one you know those are new right those those expansions are kind of brand new Concepts that's not we've not had in tax law before so it'll be interesting to see which one of those pass and if so how they Define and try to confine what the definitions of each of those are."
By BiggerPockets | January 29, 2025 | Pending
From video
Will Trump’s Tax Plan Be a Major Win for Real Estate Investors? 00:24:10 - 00:25:02
Interpreted Prediction
New policies exempting tips, overtime pay, and social security from taxes might pass, and their specific definitions will be critical for businesses and real estate investors.

Prediction Details

Topic
Tax Policy (Tips, Overtime, Social Security Exemptions)

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