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[–] 11268633? 1 point -1 points (+0|-1) ago 

Yeah my business is fucked under this new system. I lived and breathed line item deductions. Now I have to have a C Corp with like 4 subsidiary Companies? Naw. I'll quit and shut down. I'll be back when we have a single digit flat tax. Until then I'm taking my ball and going home.

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[–] o0shad0o 0 points 2 points (+2|-0) ago 

Actually, looking at the structure of it, you can still run your deductions, but you might not have to, because the standard deduction might be higher. Only problem is if you live in a blue state.