Chase Kaminsky

[Chase Kaminsky @ChaseKaminsky]

@mbontrager5 @SECGov these are the people you should be going after.

[Chase Kaminsky @ChaseKaminsky]

@patrickbetdavid Anyone claiming an L1 blockchain has superior technology to @avax is either uninformed or in denial

[Chase Kaminsky @ChaseKaminsky]

5. Why It Matters

—The QBI deduction can significantly lower your taxable income, allowing you to keep more of your business earnings

—If you have $200,000 in qualified business income, you could potentially deduct $40,000 (20% of $200,000) from your taxable income

[Chase Kaminsky @ChaseKaminsky]

The Qualified Business Income (QBI) deduction is one of the most impactful tax benefits for small business owners. Here's what you need to know:

[Chase Kaminsky @ChaseKaminsky]

4. Key Limitations and Rules

If your income exceeds the threshold, the deduction is limited to the lesser of:

—50% of wages paid by the business, OR
—25% of wages plus 2.5% of the cost of qualified property (e.g., equipment, real estate)

—High-income earners in SSTBs lose eligibility for the deduction above the phase-out thresholds

[Chase Kaminsky @ChaseKaminsky]

**Estate Tax Considerations**

If your home and other assets exceed the federal estate tax exemption ($13.9M per individual in 2025), the excess may be taxed at 40%. Strategies like QPRTs and LLCs can help mitigate estate taxes.

[Chase Kaminsky @ChaseKaminsky]

One question we get regularly is ‘What's the best way to help my kid with their first home?' Here's a breakdown of options for you to consider:

🧵

[Chase Kaminsky @ChaseKaminsky]

5. Selling the Home at a Discount

Sell the home to your child for less than its fair market value.

—The difference between the sale price and fair market value is treated as a gift, allowing you to use the annual gift tax exclusion or reduce your lifetime exemption.

—Provides liquidity if needed while still transferring value to your child.

—Your child assumes responsibility for property taxes and mortgage payments, if applicable.

[Chase Kaminsky @ChaseKaminsky]

Even fewer understand how serious this problem is, how much it will take to fix, and how little time we have left to begin addressing it

Fewer understand the solutions

-Grow our way out of it
-Inflate the dollar enough that the debt becomes managable
-Create a surplus in the budget
-Default

[Chase Kaminsky @ChaseKaminsky]

@realdogenews Yes.

Replace it with a national sales tax.

Taxing consumption is a more effective way to ensure everyone contributes their fair share.

Impose substantial penalties for consuming goods outside the US.

This approach will keep more money circulating within the US economy.

[Chase Kaminsky @ChaseKaminsky]

@RyanDetrick One thing about the Fed… Can always count on them to be behind the curve!

[Mark Cecchini, CFP® @markcecchini]

Your unwillingness to pay for good advice is costing you a fortune in unrealized value.

Like most things -- discount solutions are typically as good as their price tag would imply.

[Chase Kaminsky @ChaseKaminsky]

@itskristinshea Being a fiduciary should be the bare minimum

[Chase Kaminsky @ChaseKaminsky]

@TKopelman Agreed. I think transparency and conversations about money are critical as well.

Most families don’t talk about money and it does the next generation a disservice.

Normalize talking about money with your kids.