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…

Read the full letter by clicking here.

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 of tax on their profits compared to the double taxation faced by C corporations…

Read more by clicking here.