You already know the highlights: the Big Beautiful Bill (BBB) is Congress’s latest effort to stuff 10 pounds of tax cuts into a five-pound bag. It locks in most of the 2017 Tax Cuts and Jobs Act. Marginal rates stay low. The standard deduction stays chunky. The qualified business income deduction lives to fight another day. Cue the confetti (and another round of Roth conversions while you’re at it).
QSBS
Not Just Lipstick on a Pig
Hailey Bieber – daughter of actor Stephen Baldwin and wife of singer Justin Bieber – just proved she’s more than another nepo baby with a serum line. Today she’s a full-blown tax case study with a side of moisturizer! In a deal that left beauty insiders and financial planners equally slack-jawed, she sold her skincare brand, Rhode, to e.l.f. Beauty for $1.1 billion. The press called it iconic. Wall Street called it synergistic. And the IRS? They called dibs.