8/04/18 – Yesterday Politico published an article entitled Trump’s surprise delivery for Amazon. The article states:

TRUMP’S SURPRISE DELIVERY FOR AMAZON — It’s been less than two weeks since President Donald Trump’s last jab at Amazon, when he suggested The Washington Post, owned by Amazon CEO Jeff Bezos, serves as a lobbyist for the ecommerce giant. But it appears one of Trump’s crowning achievements in office will actually serve to boost his nemesis. According to a report out today by Pro Tax’s Brian Faler, the GOP tax code rewrite “will give many of the online retailer’s package deliverers a big tax advantage over the government’s own letter carriers.”

— Priming the pump: “People who sign up for a new Amazon program to help them set up their own businesses delivering the company’s packages will likely be eligible for a new tax break allowing them to skip paying taxes on 20 percent of their income,” Brian reports. “But federal employees delivering packages for the post office – including, as Trump has complained, ones ordered from Amazon – are out of luck. That’s because the tax provision is reserved for so-called pass-through businesses like the independent contractors Amazon wants to hire. People who are ordinary employees are not eligible for the break.”

In my opinion, what seems to be IGNORED in this article is the fact that President Trump’s tax code changes may actually help citizens start their own businesses possibly via delivery of Amazon packages. The article states “People who are ordinary employees (letter carriers for example) are not eligible for the break” – that’s correct…how could the President write a tax code that would ONLY benefit letter carriers or any other employee of any company? he could not.

The article goes on to say:

— Pooling benefits: Amazon isn’t the only tech company that stands to gain from the aforementioned wrinkle in the GOP tax law. “Uber drivers will qualify for the break but cab drivers who work for someone else will not,” Brian reports.

Well, there you go…the tax code rewrite may help individuals start their own business (as in – HIRING EMPLOYEES). See our article Wanted: Hundreds of Entrepreneurs to Start Businesses Delivering Amazon Packages. What’s the problem with that?

Oh, how will the tax code rewrite possibly help you as an employee? Well, check this out:

• In 2018 the standard deduction amounts will increase to $12,000 for individuals, $18,000 for heads of household, and $24,000 for married couples filing jointly and surviving spouses.
• The standard deduction in 2017 for single taxpayers and married couples filing separately was $6,350; for married couples filing jointly, the standard deduction was $12,700; and for heads of households, the standard deduction is $9,350.

Tax Source: Forbes