Letter Leaves Pass Through Employers Behind
For seven years, your S-Corp team has repeated the same mantra for tax reform – tax all income once, tax it at similar reasonable rates, and then leave it alone. If Congress wants to make the tax code simpler and encourage more job creation, this is the place to start.
A competing view is one where the largest corporations pay very low rates while everybody else – individuals and pass through businesses alike – pay rates significantly higher. Recall that pass through businesses are taxed via the individual tax rates of their owners. The idea is that while US corporations can …