{"id":23981,"date":"2018-08-04T09:58:43","date_gmt":"2018-08-04T14:58:43","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=23981"},"modified":"2018-08-04T10:02:14","modified_gmt":"2018-08-04T15:02:14","slug":"trump-tax-code-rewrite-may-help-you-start-an-amazon-delivery-business","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2018\/08\/04\/trump-tax-code-rewrite-may-help-you-start-an-amazon-delivery-business\/","title":{"rendered":"Trump Tax Code Rewrite May Help You Start An Amazon Delivery Business"},"content":{"rendered":"<p>8\/04\/18 &#8211; Yesterday Politico published an article entitled\u00a0<a href=\"https:\/\/www.politico.com\/newsletters\/morning-tech\/2018\/08\/03\/trumps-surprise-delivery-for-amazon-305286\">Trump\u2019s surprise delivery for Amazon<\/a>. The article states:<\/p>\n<p style=\"padding-left: 30px;\"><strong>TRUMP\u2019S SURPRISE DELIVERY FOR AMAZON<\/strong> \u2014 It\u2019s been less than two weeks since President Donald Trump\u2019s 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\u2019s crowning achievements in office will actually serve to boost his nemesis. According to a <a href=\"https:\/\/subscriber.politicopro.com\/technology\/article\/2018\/08\/trump-delivers-a-tax-break-that-will-help-amazon-718233\">report out today<\/a> by Pro Tax\u2019s Brian Faler, the GOP tax code rewrite \u201cwill give many of the online retailer&#8217;s package deliverers a big tax advantage over the government\u2019s own letter carriers.\u201d<\/p>\n<p style=\"padding-left: 30px;\">\u2014 <strong>Priming the pump<\/strong>: \u201cPeople who sign up for a new Amazon program to help them set up their own businesses delivering the company&#8217;s packages will likely be eligible for a new tax break allowing them to skip paying taxes on 20 percent of their income,\u201d Brian reports. \u201cBut federal employees delivering packages for the post office \u2013 including, as Trump has complained, ones ordered from Amazon \u2013 are out of luck. That\u2019s 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.\u201d<\/p>\n<p>In my opinion, what seems to be IGNORED in this article is the fact that President Trump&#8217;s tax code changes may actually help citizens start their own businesses possibly via delivery of Amazon packages. The article states &#8220;People who are ordinary employees (letter carriers for example) are not eligible for the break&#8221; &#8211; that&#8217;s correct&#8230;how could the President write a tax code that would <strong>ONLY<\/strong> benefit letter carriers or any other employee of any company? he could not.<\/p>\n<p>The article goes on to say:<\/p>\n<p style=\"padding-left: 30px;\"><strong>\u2014 Pooling benefits:<\/strong> Amazon isn\u2019t the only tech company that stands to gain from the aforementioned wrinkle in the GOP tax law. <strong>\u201cUber drivers will qualify for the break but cab drivers who work for someone else will not,\u201d<\/strong> Brian reports.<\/p>\n<p>Well, there you go&#8230;the tax code rewrite may help individuals start their own business (as in &#8211; HIRING EMPLOYEES). See our article <a href=\"https:\/\/postalemployeenetwork.com\/news\/2018\/07\/wanted-hundreds-of-entrepreneurs-to-start-businesses-delivering-amazon-packages\/\">Wanted: Hundreds of Entrepreneurs to Start Businesses Delivering Amazon Packages<\/a>. What&#8217;s the problem with that?<\/p>\n<p><strong>Oh, how will the tax code rewrite possibly help you as an employee?<\/strong> Well, check this out:<\/p>\n<ul>\n<li>In <strong>2018<\/strong> 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.<\/li>\n<li>The standard deduction in <strong>2017<\/strong> 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.<\/li>\n<\/ul>\n<p>Tax Source: <a href=\"https:\/\/www.forbes.com\/sites\/kellyphillipserb\/2018\/03\/07\/new-irs-announces-2018-tax-rates-standard-deductions-exemption-amounts-and-more\/#1ef7efa53133\">Forbes<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23982\" src=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2018\/08\/Trump-Tax-Code-Rewrite.jpg\" alt=\"\" width=\"400\" height=\"200\" srcset=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2018\/08\/Trump-Tax-Code-Rewrite.jpg 400w, https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2018\/08\/Trump-Tax-Code-Rewrite-300x150.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>8\/04\/18 &#8211; Yesterday Politico published an article entitled\u00a0Trump\u2019s surprise delivery for Amazon. The article states: TRUMP\u2019S SURPRISE DELIVERY FOR AMAZON \u2014 It\u2019s been less than two weeks since President Donald Trump\u2019s last jab at Amazon, when he suggested The Washington Post, owned by Amazon CEO Jeff Bezos, serves as a lobbyist for the ecommerce giant. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23982,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-23981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/23981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/comments?post=23981"}],"version-history":[{"count":1,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/23981\/revisions"}],"predecessor-version":[{"id":23983,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/23981\/revisions\/23983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media\/23982"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=23981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=23981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=23981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}