#tax-loopholes

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#bonus-depreciation #luxury-assets #federal-revenue-loss #tax-policy #inequality #tax-base-erosion
US politics
fromFortune
1 day ago

Life hack: Buying a private jet, yacht, or expensive car can help you save money through Trump's 'One Big Beautiful Bill' | Fortune

Expansion of bonus depreciation lets businesses deduct 100% of certain high-cost assets, boosting luxury purchases and cutting federal tax revenue by hundreds of billions.
US politics
fromThe Atlantic
1 month ago

The Last Americans Really Paying Taxes

The One Big Beautiful Bill Act alters the tax code to favor millionaires and billionaires, creating loopholes that shrink the tax base and increase inequity.
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