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Summarize an article from the Wall Street Journal that has a and legal issue and explain...

Summarize an article from the Wall Street Journal that has a and legal issue and explain how it affects business. You might want to do this in Microsoft Word and then past your answer into the Catalyst box below. Use your own words, do not express your opinion - simply report on what the article says and indicate how it affects business. Indicate the title of the article, and date it appeared in the journal. Make sure it is a recent article (within the last two weeks)

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Answer #1

The Tax Break That Doctors and Plumbers Both Will Miss

The Wall Street Journal, January 19. 2018

The new Federal tax law affects pass-through businesses by placing a limit on the pass-through deduction’s cost. Doctors, lawyers and others in the service business cannot claim a tax deduction if their income is very high. Architects and engineers are exempted. Pass-through businesses pay tax on their individual returns. Businesses where the skill of the owner is the principal asset cannot claim the deduction.

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