study - The S Corporation Association

President Targets S Corps

President Obama announced yesterday his continued support for raising tax rates on Americans earning more than $250,000 ($200,000 for single filers). As the Wall Street Journal reported today, these policies would hit a large number of business owners:

Congress’s Joint Tax Committee -not a conservative outfit – estimates that in 2013 about 940,000 taxpayers will have enough business income to meet Mr. Obama’s tax increase threshold. And of the roughly $1.3 trillion in net business income, about 53% will get hit with the higher tax rates.

New numbers from Ernst & Young reinforce the impact these higher rates will …

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admin2019-02-01T20:18:40+00:00July 10, 2012|

S Corps More Efficient

We have long argued that the American economy benefits from allowing entrepreneurs multiple business forms from which to choose.

Each business has its own unique capital, management, governance, and transition challenges, and allowing those businesses to choose between C corporations, S corporations, LLCs, partnerships, and sole proprietorships enables them to pick the structure that best suits their needs.

New data from SNL Financial focused on banks suggests entrepreneurial choice may also contribute to a bigger economy. As described in American Banker:

The return on assets at the median S corp has consistently outdistanced the median for C corps by a wide margin over …

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admin2019-02-01T20:21:27+00:00June 26, 2012|

Ryan on S-Corps and Taxes

Earlier this morning, House Budget Committee Chairman Paul Ryan (R-WI) cited from our Ernst & Young study to defend Main Street businesses. We had been in to see Chairman Ryan back during our annual Board meeting. Apparently, our message connected!

As the Chairman notes:

“We don’t think raising tax rates in 2013 is helping the economy today. Not only is the actual rate going to 39.6, when you take the other stuff that was in Obamacare and everything else, the effective marginal tax rate goes to 44.8 percent. Here is the problem: 54 percent of workers in America get their jobs from …

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admin2019-02-01T20:48:05+00:00July 15, 2011|

S-CORP Study in the News

As our Washington Wire readers know, S-CORP released a ground-breaking study on Tuesday by Bob Carroll and Gerald Prante from Ernst & Young. The study quantifies the economic footprint of flow-through businesses for jobs and investment as well measures the impact of corporate-only, revenue neutral tax reform would have on them. Employing more than half of the private workforce (69 million jobs), the study finds that flow-through businesses are essential to the U.S. economy. S corporations specifically employ one out of four private sector workers (31 million jobs).

The study also finds that the existence of flow-through businesses results in higher …

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admin2019-02-01T20:48:06+00:00April 14, 2011|

S-CORP Study Link

S-CORP’s April 13th release of a key study on the role of S corporations in the U.S. economy has been receiving lots of media attention. The study, authored by Drs. Robert Carroll and Gerald Prante, both of Ernst & Young LLP, documents the impact of flow-through businesses on private sector jobs and economic activity in the United States. The report also examines how the flow-through business sector could be affected by potential reform of the corporate income tax. Below is a link to the full report.

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S-CORP STUDY

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“The Flow-Through Business Sector and Tax Reform: …

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admin2015-01-12T21:39:02+00:00April 13, 2011|