I'm a conservative who believes Biden has won, and, we'll lose the senate. And, just to get ahead of anyone asking why, I simply don't see a viable path for Trump to get 270.

Based off of the tax plan put out by Biden, if your a partner, how much will your income drop/money will you lose? I've seen that his plan focuses around the $400,000 mark, so let's say that's your salary.

I'm not a tax guy, so I don't even know if I have this worded correctly, so go easy on me.

like
Posting as :
works at
You are currently posting as works at

#1 Biden didn't win, Trump won in a landslide and all of the evidence will be coming out in the court proceedings. In 2000, FL was the state that decided it in the courts...this year we have about 5 or 6 Florida's and the fraud is rampant and profound. Trump will emerge the victor as ruled by SCOTUS sometime in December is my prediction. The news and social media doesn't decide elections.

#2 Biden/Harris (mostly Harris) would definitely raise taxes on EVERYONE. Starts by eliminating Trump's tax cuts which was a universal tax decrease.

likefunny

RSM1, what you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this thread is now dumber for having read it. I award you no points, and may God have mercy on your soul.

likefunny

I doubt partners took advantage of the QBI deduction. More than likely passed the limits with the SSTB.

BUUUUUT just increase your expenses by giving raises to the staff. 😉😉

like

Based on what I could piece together, it appears that under Trump you got a break for being a partnership of 20% which will go away under Biden, as well as increased taxes.

I know there are a lot of nuances to taxes and it's not that simple.

Do you have any concerns about Bidens increased taxes on yourself or the partnership as a whole?

Accounting firms are SSTBs, so with $400k I think there’s a good chance you wouldn’t get the 20% deduction either way

like

You learn something new everyday, didn't even know that was a thing.

Related Posts

At Accenture changing from internal analyst role to a senior analyst in digital & client facing.I am always worried about being a female and salary. What should I negotiate and expect for pay?

like

Has anyone gotten any kind of comp package involving crypto? I know some companies now do some forms of that or allow employees to take certain amounts in it.

likefunny

In your experience, how accurate has the Robert Half Salary Guide been? Small law in LCOL area. Fourth year associate trying to figure out appropriate salary range. I’ve heard the 1/3 of your billable time value as well? Any guidance appreciated.

like

Hey all. A manager at PwC now considering a move to EY as director. Any idea what the actual base salary for an EY director is? (A lot of contradicting info on the web) is the WLB in EY good? Any help would be great

like

I have an offer doing pretty much my same job at a smaller firm. It’s only a 6% base raise but they are giving me a bonus each year to make up for the amount my salary falls short of the salary number I gave them that it would take for me to leave. Would you take the offer?

like

What is the salary hike from staff-1 to staff-2 in technology consulting?

like

Fishes : Wipro What will in hand salary for 32 lpa in wipro , 5 percent is variable or qplc

like

Lazard PCA: Anybody know what culture and Associate comp is like?

like

I received a job opportunity with an independent financial advisor. I would be her assistant and be responsible for office and staff management. I am in Northern CA, what is a reasonable salary request?

like

What does a new band 4 bonus range look like at bank of america? Anyone know?

like

Hey all! So I got a job offer for 95k for a Sr. Regulatory Relations Specialist. Is this the average salary or a lowball offer? Personally, I am having a hard time finding the average role salary posted anywhere.

like

Welcome to indirect tax, where the exemptions are made up and client's data doesn't matter

like

How much is the average salary for a healthcare advocate for an insurance company?

like

Salary range for a Sr. Art Director in Chicago? High end would be ideal. Thanks!

like

Hey fishies! 👋I have a BS in Art Education, 10y teaching experience and pivoting to instructional design/curriculum development. Had an awesome 2nd round interview with a hiring manager of Experian. I have an offer as an independent contractor with another (smaller) company. Any salary negotiation advice if I get to the next round with Experian? What’s baseline pay for experian ID’s?

👍Any information is helpful!

like

Hello All,

I recently had my managerial round with CGI. While salary discussion I was told as per company standards they can give 11 lpa. I have 3.5 years of exp as Bigdata Engineer. How much should I expect? Also shall I ask for joining bonus? My np is remaining less than 30 days.

I’m new to Canada and currently working as a BA for the same company I worked for, in India. However, the workload is a lot after I moved here and the pay scale is comparatively low. I started job search and currently negotiating salary with an early stage startup for PM position. Problem is, they’re very keen on comparing my current salary and fixing my compensation rather than fixing it based on my performance in interviews and their budget. Is this normal practice here in Canada?

like

AFR updated their consulting salary article a couple of days back. Anyone with a subscription care to post the updated data image?

like

What is flexible compensation in credit Suisse?what salary components will come under this?will get full flexible compensation or any deductions in it.

like

More Posts

In how much time, does background check at jpmc India gets completed, will they notify once it is completed

Any ETL Developer here? IBM is looking for an immediate joiner. Ping me if anyone interested.

like

Hi Fishes,
I am a senior infra developer with 5 years of experience. I am looking for job change. I have worked on private cloud infrastructure and have good knowledge on vmware tools like vRA, vRO, vCenter, vROPS, vRLI etc.
I have the basic understanding of devops tools and public cloud like azure, gcp, aws.

Can someone please refer me for a suitable role within their organization?

like

What's a creative to do when they need to leave their current agency, but it seems like every big shop in LA has had layoffs for one reason or another, so no one is hiring? 😫

like

Is there anyone here who has taken CloudyML course, if yes kindly share how is the course.
Is it worth the pay?
I am looking for practice and hands-on to prepare for interviews.
Thanks In advance.

like

Anyone looking for referral in EY India for Data Scientist/ Data Analyst role, please DM me. We are rapidly expanding our data science team. Role will be mostly in Time Series forecasting.

like

Anyone interested in a fully loaded Herman miller Aeron size b in titanium color?

like

Which laptop do Analyst-Data Science people get who are product development teams? Mac or Windows?

like

Hi All,
In Capgemini they gave provisional offer letter and I am waiting for the offer letter from the last week? From last two days i am following up HR?May I Know when will they release the offer letter?

like

If I’m looking at relocating across the country, do agencies normally offer some relocation money as part of the offer? What would be the standard to ask for?

like

What's your next best source of income outside of your job?

like

Maybe I’m biased due to having poor luck, but why is dating so hard? Everyone just wants the next best thing and no one is ever satisfied. One argument and people sprint for the door instead of reconciling as they have “options.”

People on dating apps seem like they’re only on there to validate themselves to feel better when they get “likes” or “swipes,” but will not respond when messaged.

I honestly don’t think true love is a real thing.

like

How long after returning from a 12 week maternity leave did you feel fully back engaged at work? I feel like I'm starting as a brand new employee with all that changed/ happened since I left and...

likehelpful

I am a Staff and was giving the task of organize audit conclusion lunch with client. So I am looking for restaurant recommendations in Newark,NJ to take client for lunch. Anybody?

like

Google wants me to relocate to Chicago for a job. How is the relocation package? I was told I would receive the details after signing an offer.

like

Currently building a house, 6 months to go and have down payment and a little more in a HYSA. Is it wise to put the remaining in an S&P 500 ETF to capture some of the bull market or hold onto cash?

What’s the difference between commercial banking and corporate banking?

like
like

Best tacos in San Antonio?

like

Additional Posts in Compensation, Salary and Bonus

How much is the salary of Tax Manager in South CA area, for non-big4 firm? Financial service/partnership niche...

like

Anyone know manager 1 salaries in NYC for Tax (BTS)

like

International tax salaries on west coast !

like

For RSM Tax, what is the bonus %? I'm hearing it's fixed each year, so like 6.5%. Can someone provide some insight?

like

Salary check; going into S2 year, CPA, MCOL city, IT audit @ 95k. Is this low?? High?? Still haven’t gotten word on my bonus for the year.

like

Hey - any insight on salary base at EY for a manager 4 in FAAS in MCOL city (east coast)? Richmond, Philadelphia, DC (although prob more expensive than the other two).

Also, are manager 4 and 5s normal in FAAS?

Thanks in advance!

like

Hello. First time posting on here. I have been in a graduate trainee role in the last three years in London and two papers away from becoming chartered. My training programme is coming to an end and I am currently netting £31k. I am been offered a business controller role and I am not sure what the salary range I should peach for. Appreciate your contributions

like

How much starting salary should we expect at EY for a manager role in data analytics with 12+ years of exp?

like

I’m currently making $55k as a financial analyst in higher education. ( 5 years of experience & graduating with MBA this July 22’) I’m trying to get to a senior FA role making $80k+ and I’ve been hunting for a job since Nov. 21. Any recommendations on how to negotiate salary during interviews or get a job offer during interviews?

like

Is it normal for a company not to provide paid maternity leave? They said it’d be paid by the state under FMLA for 3 months. Is the FMLA benefit payment taxable?

like

I’m making $110K in the Bay Area. I’ve been working at a non-big4 firm for 6 years without a CPA. I was told I was receiving this salary so I wouldn’t even consider another offer. Any insight into whether this is actually a good salary is greatly appreciated.

likehelpful

Salary for Internal Audit Senior Manager/VP salary HCOL/12YOE/Finance firm?

like

Anyone know much about the raises at EisnerAmper in audit?

like

How much does Senior 2/3 in Big4 make in SoCal? Federal Tax

like

What % raises did you get when getting promoted from Mgr to SM for those in public accounting? Trying to gauge what I should expect when I’m up for a promotion.

like

Does anyone know what A2s make in SF? Trying to see if it’s worth a move. Thanks in advance.

Anyone have any insight into the most recent base salary for S1 PwC advisory (Management consulting FS)?

like

Anyone at RSM doing transaction advisory can share thier salary as a Senior? Looking to leave industry but a few people I know have been switching over just curious to know if it will change my mind lol. Chicago market would be great

like

Crazy to think that a lot of us get paid more than airline pilots....

like

SENIOR ACCOUNTANTS❗️ Leave the following below so you can know how you’re paid.

YOE - 2
Salary - $90k
Bonus - $30k
Other (RSUs, etc) - $7k
COL - MCOL

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal