Episode 137
Comparing the 2024 Presidential Tax Plans [E137]
In this episode of Business by the Numbers, Hunt Demarest, CPA, breaks down the latest tax proposals from Kamala Harris and Donald Trump, helping business owners understand what changes could impact their bottom line. Whether it’s Harris’s $50,000 small business deduction or Trump’s overtime tax elimination, Hunt offers critical insights into what’s real, what’s likely, and what’s just campaign rhetoric.
- Overview of Harris’s $50,000 small business deduction proposal.
- Insight into Trump’s plan to remove taxes on overtime.
- How these proposals could affect small business owners, especially in the auto repair industry.
- The importance of understanding startup expenses and tax deductions.
- The likelihood of these proposals passing into law andtheir real-world implications.
Thanks to our partner, NAPA TRACS
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Thanks to our partner, Promotive
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Paar Melis and Associates – Accountants Specializing in Automotive Repair
Visit us Online: www.paarmelis.com
Email Hunt: podcast@paarmelis.com
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