>and the Tax Cut Jobs act of 2017 changes (section 174) requiring capitalization of everything softwsre development related except bug fixes went into effect for tax year 2022.
Seems like a stretch. "Software Development Job Postings on Indeed in the United States"[1] was up into the beginning of 2022. The tax changes were known in advance for years. If the tax code changes were a significant factor, why did companies hire a bunch of people in 2021, knowing that when 2022 rolled around there would be massive taxes?
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