Tax Savings in a Trump Election Victory

Tax Savings in a Trump Election Victory

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Torchlight Tax and Financial Solutions
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How to maximize your tax savings in a Trump Election Victory.
Part I

First, maximize your tax-free tip and overtime income.
This is Dave Horwedel, CEO of Torchlight Tax.
Can Sole Proprietors qualify even though they get paid by 1099?
Suppose you form an S Corp and pay yourself a W2 base of $600 weekly. You pay double overtime, work 80 hours a week and make $500 on weekly tips. Your W2 taxable income is $600. Your tax-free overtime and tip income is $1700.
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