Key Findings The majority of companies in the United States are pass-through businesses. These businesses are not subject to the corporate income tax; instead, their income is reported on their owners’ tax returns and subject to the individual income tax.…
Dear Chairmen and Ranking Members: As Congress debates tax reform to make American businesses more competitive, the undersigned organizations representing employers organized as S corporations, partnerships and sole proprietorships offer the following three principles to help guide your efforts...…
Jason Furman is right about the ‘stupid’ policy on overseas income. Domestic policy also isn’t so bright. Read the WSJ Op-Ed By S-Corp's Brian Reardon and Tom Nichols by clicking here.
Key Findings Pass-through business income is taxed on the business owners’ tax returns through the individual income tax code. Pass-through business income faces marginal tax rates that exceed 50 percent in some U.S. states. Pass-through businesses face only one layer…