What does $200 or 199A have ANYTHING to do with you?
Plenty!
The power of $200
STEEM is currently at $1.55 / STEEM.
# | Name | Market Cap | Price | Volume (24h) | Circulating Supply | Change (24h) |
|---|---|---|---|---|---|---|
| 36 | Steem Steem | $407,681,488 | $1.55 | $1,913,260 | 262,601,846 STEEM * | -4.42% |
Last updated: Jun 21, 2018 6:15 PM UTC
| Source: © 2018 CoinMarketCap |
|---|
That means that $200 can buy about 129 STEEM. And IF "you" invested $200 now and Power Up, it could make your upvote count and your voice heard - even so slightly but it will certainly show that you are in it, steemit, to be relevant and for "your" long-term success.
It is NEVER TOO LATE to Do Something Good!
“You don't have to be great to start, but you have to start to be great” ― Zig Ziglar !
| I am not a financial advisor, and this is not a financial advice or an advice of any kind, explicit or implied |
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199A
It is a section of the tax code. Google it will turn up all sorts of articles and analysis. Some will paint a picture based on politics and their political affiliation, left or right.
Ignore the politics for the moment. It is the law, so, whether you like it or not, it is what it is.
And, here it is, one source of it:
https://www.law.cornell.edu/uscode/text/26/199A#
(a) In generalIn the case of a taxpayer other than a corporation, there shall be allowed as a deduction for any taxable year an amount equal to the sum of—
(1) the lesser of—
(A) the combined qualified business income amount of the taxpayer, or
(B) an amount equal to 20 percent of the excess (if any) of—
(i) the taxable income of the taxpayer for the taxable year, over
(ii) the sum of any net capital gain (as defined in section 1(h)), plus the aggregate amount of the qualified cooperative dividends, of the taxpayer for the taxable year, plus
(2) the lesser of—
(A) 20 percent of the aggregate amount of the qualified cooperative dividends of the taxpayer for the taxable year, or
(B) taxable income (reduced by the net capital gain (as so defined)) of the taxpayer for the taxable year.
This is the tax code of the United States and if this does not concern you, have a great day!
But, if you are a U.S. taxpayer, you need to know this tax code change.
| In short, it allows professionals and businesses to reduce their taxes IF properly structured. |
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| I am not a financial advisor, and this is not a financial advice or an advice of any kind, explicit or implied |
|---|
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