Opinion: How the Section 174 Tax Code Changes Caused a White-Collar Job Crash
Note, Sep. 2024: I want to point something out: I’ve given few references here besides a couple of Google search results I happen to like. This page gives my current understanding. I’m still researching it, and you should research it yourself, don’t take my word as gospel truth. But this is how I understand it right now.
Googling section 174 layoffs will point you to a lot of information.
I’m also going to add some links at the bottom to interesting references to the issue, as I come across them. —Mike
IMPORTANT UPDATE, July 3, 2025: Pending signing of the new tax bill tomorrow, it appears the below information may finally be obsolete. The tax bill passed by Congress today quietly included a provision permanently repealing the below-discussed Section 174 changes. See https://abgi-usa.com/section174/latest-and-greatestUPDATE 2, July 16, 2025: If…











Hello! Welcome to
BEST VIEWED WITH











Pink Floyd's album "Animals", for me, might stand alone as the most singular achievement of the rock 'n' roll era. I've always argued that Pink Floyd were not a rock band, but the first act of what several decades later eventually came to be called "post-rock"—musicians grounded in the language and conventions of rock but doing their own thing with it—and never did they push the boundaries of rock music further from its beginnings, while still staying true to its basic visceral nature (this is, after all, a genre of music named after a slang term for fucking) than on "Animals".






