Subject: Special Message From Michael Makin: Tax Reform for the Holidays

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Dear PIA Members & Friends:

I took a few minutes today to record a special message for you about the huge tax reform bill that was just passed by the House and Senate! This has significant impact on the printing industry and we're thrilled to see it come through just in time to celebrate for the holidays.

Highlights include: 
  • Preservation of the 100-year-old advertising deduction
  • Corporate tax rates are slashed from 35% to 21% beginning January 1, 2018
  • A deduction of 20% of qualified pass-through income
  • Alternative minimum tax (AMT) will only apply to those individuals making $500,000 a year or $1 million for couples
  • Ability to immediately write off the purchase of any new or used equipment
  • Businesses with floor plan inventory can write of loan interest (LIFO)
The bill is expected to greatly accelerate economic growth in our industry by 2.5-3% in 2018. What a happy holiday indeed!

Look for details on how this specific tax reform package will impact you and your company in a special webinar PIA will be holding on Thursday, February 15, 2018.

Here's to a very prosperous 2018!

Michael Makin
President & CEO
Printing Industries of America

301 Brush Creek, Warrendale, PA 15086, United States
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