Crete Carrier - A Year In Review - Fall 2013 Going Forward

Wow, that's a lot of sparks to be making so close to the fuel tank of a reefer trailer that's been in a wreck. Hope they had the sense to drain the tank before towing it.

 

That’s not a refer

 

Good point. I thought I read Shaffer on the side of the trailer but looked closer a second ago, and you are right.

 

Was that you driving?

 

Not this time

 

The tax reform bill likely to be signed into law by President Trump this week or next is expected to be the end of the daily $63 per diem deduction allotted to truck drivers for on-road meal expenses, says ATBS president and CEO Todd Amen. However, he and his firm are still reviewing the details of the bill, he says, and expect to be able to speak more authoritatively in the new year

 

axing of the per diem by Congress’ overhaul of the U.S. tax system, as with changes in other itemized deductions, is intended to be offset by a big bump in the standard deduction granted to all filers. That will increase to $24,000 from the previous $12,000 for married couples filing jointly.

“There is no need to itemize” the per diem deductions after the bump, says Amen, “because they’d still probably be below the standard deduction.” The standard deduction for single filers will jump from $6,300 to $12,000. What’s more, the child tax credit – an amount subtracted directly from parents’ tax bills, not their taxable income — will be doubled to $2,000 per child. However, the bill eliminates the $4,050 personal exemption afforded by current tax law

 

Frankly..atbs isn't to honest anyway...they can't even taxes right...

 

All this tax bill does is add another knot in the tangled tax ball of string. Until they go to a fair tax or straight out consumption tax, the average american taxpayer is screwed...

 

Spectacular. *THAT* guy needs an automatic transmission!