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According to Politico, the new tax law includes a little-noticed blacklist barring people working in certain fields, and earning more than $157,500, from claiming a new 20 percent deduction for unincorporated businesses called pass-throughs.

Questions:

  1. Why did the Congressmen decide that pass-throughs should be limited?
  2. Who ultimately gets to make the decision?
  3. According to Acting IRS Commissioner David Kautter, when will the new rules be released?
  4. What was the most interesting part of this article from your standpoint?

Source:

Faler, B. (2018). Hidden blacklist in GOP tax law could hit everyone from LeBron James to doctors. Politico, March 8 (Retrievable online at https://www.politico.com/story/2018/03/08/hidden-blacklist-republican-tax-law-445645?lo=ap_c1)