Clarification regarding the pass-through deduction phase in.
“Adam Looney watches this closely for the Tax Policy Center, run by the Brookings Institution and Urban Institute.”
“… if you are a self-employed person or a small business owner, then your income has to qualify in order to receive the deduction. If you make less than $315,000 and you’re married, then you get the deduction. Above that level, it depends on whether you’re a doctor or a lawyer or in a different trade.”
I assume this means that at lower levels everyone, including lawyers, doctors & accountants, get the passthrough deduction. But …