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Has anyone heard opinions from the incoming administration on getting this changed?

I guess the one area this tax law particularly affects are bootstrapped revenue-generating (non-VC funded) startups with high dev costs? i.e., actual running businesses not playing with monopoly money.... which maybe Elon doesn't care about....

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The change was introduced in Trump's tax cuts, so I doubt he will reverse it.

Did the change take effect during his administration or after the tax cuts expired or rather after the income brackets also increased? That change was intentional so that the following administration if it wasn't the GOP would feel the heat of and get the blame fortaxes going up.

It took place during the administration.

Another poster had a good summary: https://news.ycombinator.com/item?id=42379288

I think this is the more important comment in that thread: https://news.ycombinator.com/item?id=42380764

"Note: these changes were signed into law in 2017 but came into effect in 2022"

Like I thought, changes were meant to be a time bomb if the GOP wasn't in control.

Thank you, I missed that and it’s important context. I’ve upvoted your comment for more visibility.

Do you have a reference where I can read more about this, specifically the timelines?

Another poster had a nice summary: https://news.ycombinator.com/item?id=42379288

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