Campaign: General

Eliminate penalties on estimated quarterly income

Eliminate penalties associated with estimated tax payments. Many small businesses cannot predict how much annual income will be or when in the year it will be paid, yet the tax code forces one to assume a steady income stream. Consequently, the only prudent choice is to overestimate, which ties up funds that the business could use productively. This is especially true for independent business consultants.

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Idea No. 280