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BLOGS
What Does A Trump Presidency Mean For Gym Owners?
“Not only are bloggers suckers for the remarkable, so are the people who read blogs.” - Seth Godin
Introduction:
Trump’s potential return could have major financial impacts for gym owners. Here’s the breakdown:
1. Tax Breaks: Expect extended tax cuts from 2017’s Tax Cuts and Jobs Act. This includes the 20% QBI deduction for small business owners, expiring in 2025 unless renewed.
2. Equipment Deductions: 100% bonus depreciation and Section 179 expensing might continue, allowing more write-offs for gym equipment and autos.
3. Labor Flexibility: Trump’s policies could make hiring contractors easier by clarifying independent contractor standards.
4. Pro-Business Shift: Lower corporate taxes and deregulation may boost market performance, benefiting all business owners.
5. Health Industry Reform: With RFK Jr. on board, we may see a shift toward wellness, fitness, and preventative care, a win for gym owners.
What excites me?
Tax breaks for small businesses and seeing Big Pharma held accountable.
What are your thoughts?
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