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P. 102


FErleid YOUR INCOME
PolWlocekiss TAXES 2016
T he new tax season brings no
earth-shattering tax law example, you could delay collecting $T20O0,0T0H0. That sounds like a lot of
changes. The big news, of money from your customers until
course, is the election of Donald January. You could also pay all out- money, but for the wealthy, such a cap
Trump. His tax plan does call standing expenses in 2016 that are not would make a big difference. In 2016,
due until 2017, which will lower your they can deduct up to 50% of their
income as charity. In 2017, it will be

for modifications, anticipated profit this year. Since income taxes are deductible at a lower rate – if it is

for 2017. He certainly wants to only levied against profit, you will save. deductible at all! (If the Trump plan

reduce tax rates. Therefore, This strategy is for the wealthy, who are goes forward as currently proposed,
TO THthose with the ability to “income shift” the ones really affected by this.
this charity would not be deductible

should do so. That means arranging to The other major piece of his plan when past the threshold!) So, the

earn less this year and more next year calls for limiting itemized deductions. wealthy should for sure give charity

to take advantage of next year’s lower According to one version, these now and not wait until 2017. Experts

Stop foot or leg pain, usually in 1 or 2 visits.rates. If you are self-employed, for deductions would be capped at expect a surge in charitable giving

FOOT AND LEG PAINHelp for foot or leg pain including “Growing Pains” inDcAhTEildDrUeEn.
Treating Difficulty Standing or Walking,
attributed to Arthritis, Spinal Stenosis,

in Adults & ChildrenNeuropathy, Poor Circulation or Poor Balance

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HelpFCoornsYeorvuatrivFeeCaerte.oCfothme Foot, Ankle, and Leg.
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Owings Mills
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