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The John Batchelor Show

#SmallBusinessAmerica: Last year of popular 2017 tax deductions @GeneMarks @Guardian @PhillyInquirer

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 3 June 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

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@Batchelorshow


#SmallBusinessAmerica: Last year of popular 2017 tax deductions @GeneMarks @Guardian @PhillyInquirer


https://genemarks.medium.com/american-businesses-face-two-huge-tax-increases-this-year-8547b0e06fd7

Transcript

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0:00.0

This is CBSI in the world.

0:02.9

I'm John Datshe with Gene Marks, my colleague, the Guardian newspaper UK and US edition for

0:08.8

Small Business Columnist.

0:10.5

He is down shore.

0:12.1

That's where he is now.

0:13.2

So the smile on his face is not because he sees Rosie scenario for the rest of us.

0:18.4

He sees it for himself.

0:20.2

Down shore is Philadelphia Jersey talk for the New Jersey coastline.

0:24.5

Gene happens to be at a choice spot on planet Earth.

0:27.4

It's called Atlantic City.

0:29.2

And it's a joy to consider, which is why I immediately pull him to explain himself

0:34.1

in his Washington Times column about how taxes are going to change.

0:38.5

And I don't think for the better what's going to happen to his gene.

0:42.1

Well, first of all, John, before I talk about taxes, I do want to correct something that I said in our previous segments.

0:47.0

I got my TGs and my bees mixed up.

0:50.1

Our money, our money supply is in the trillions, not the billions.

0:54.0

I just want to make sure that I'm clear when I say that we're at over $20 trillion is what the MG money supply is not billion dollars.

1:01.4

So I wanted to make sure that I clear that up.

1:04.2

Let's talk taxes.

1:05.6

This year, we are looking at particularly for small and mid-sized businesses.

1:10.2

Two big tax increases that are happening right now.

1:14.5

The first has to do with research and development costs.

...

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