Christine Walizer, Author at The S Corporation Association

More Details — and More Pushing — on the Push for Tax Reform

Last week, Politico reported more details on the pending Administration tax reform plan. As Mike Allen reports:

Treasury Secretary Timothy Geithner plans to ignite the debate by unveiling a white paper that advocates lowering the top corporate tax rate from the current 35 percent to less than 30 percent and as low as 26 percent, according to aides. The proposal is likely to fall between 26 percent and 28 percent.

To pay for that, the proposal will call for closing loopholes and slicing exemptions. The two main ones are a tax deduction for domestic manufacturing and accelerated depreciation for capital equipment.

And:

Agreeing …

(Read More)

admin2019-02-01T20:48:05+00:00May 10, 2011|

Administration to Propose Taxing More Employers as C-Corporations

More chatter about the pending tax reform proposal being drafted by the Obama Treasury Department and its plan to force more pass-through businesses to pay taxes as C corporations. Reuters reported earlier this week:

The Obama administration is considering a plan to force more businesses to pay the corporate income tax, an industry group said, in an overhaul package that could be unveiled as early as this month. Under the proposal, entities with more than $50 million in gross receipts would pay the corporate income tax, instead of the individual income tax they now pay. Partnerships like law firms …

(Read More)

admin2019-02-01T20:48:05+00:00May 4, 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 …

(Read More)

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.

p

S-CORP STUDY

p

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

(Read More)

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

As Study Finds S Corps Employ One-Quarter of Private Sector Workers, New Legislation Improves S Corp Governance

Report Finds Flow-Through Businesses Essential to U.S. Economy

On the heels of a new report finding that flow-through businesses furnish more than half of the private sector jobs in the U.S., Ways & Means Committee members Dave Reichert (R-WA) and Ron Kind (D-WI) today will introduce the S Corporation Modernization Act of 2011 (H.R. 1478).

The study – released today and authored by Drs. Robert Carroll and Gerald Prante of Ernst & Young LLP – finds that fifty-four percent of all private sector employees (69 million) work for pass-through businesses, and one out of four private sector workers (31 million) …

(Read More)

admin2019-02-01T20:48:06+00:00April 12, 2011|