Tax Policy Center

pass-through business

: TaxVox

Understanding Revenue Implications For State Pass-Through-Entity Taxes

The 2017 Tax Cuts and Jobs Act’s $10,000 cap on the state and local tax (SALT) deduction managed to survive attempts to reform or scrap...
January 19, 2023Lucy DadayanJohn Buhl
Business Taxes: TaxVox

Expanding The Net Investment Tax Mostly Would Target Households Making $1 Million or More

Scrambling for a politically acceptable way to raise revenue to pay for a scaled-down social spending and climate bill, Senate Democrats are considering a plan...
July 14, 2022Howard Gleckman
Individual Taxes: TaxVox

Fewer Than 0.5 Percent of Very High-Income Households Paid as Little Tax As Donald Trump

Following The New York Times blockbuster series on President Trump’s personal finances—especially the revelation that he paid just $750 in federal income tax in 2016...
October 2, 2020Howard Gleckman
: TaxVox

TPC Is Improving Its Modeling Of Five Tax Expenditures

In a new initiative, the Tax Policy Center is improving its modeling of five key tax expenditures: the tax treatment of pass-through entities, charitable giving,...
December 18, 2018Mark J. Mazur
Business Taxes: TaxVox

Treasury’s New Pass-Through Rules Double Down On The Deduction’s Regressivity

The Tax Cuts and Jobs Act (TCJA) contains a special 20-percent individual income tax deduction for owners of pass-through businesses that was always going to...
August 14, 2018Steven M. Rosenthal
Business Taxes: TaxVox

Eliminate The Deduction For Qualified Business Income And Require Most Firms To Be Taxed As Pass-Throughs

The most problematic provision of the Tax Cuts and Jobs Act (TCJA) may be its 20 percent deduction for qualified business income (QBI) of owners...
June 4, 2018Eric Toder
: TaxVox

Most Taxpayers’ Benefits Come Mainly from the TCJA’s Individual Provisions, But the Rich Get Much of Their Tax Cuts from Corporate Changes

The Tax Cuts and Jobs Act (TCJA) affects the after-tax income of households in two ways: directly through the individual income tax and indirectly through...
February 19, 2018Benjamin R. Page
: TaxVox

Navigating The TCJA’s Pass-Through Deduction

The Tax Cuts and Jobs Act (TCJA) creates a new tax deduction of up to 20 percent of income from partnerships, sole proprietorships, and other...
February 1, 2018Aaron KrupkinHoward Gleckman
Individual Taxes: TaxVox

The Downmarketing Of Tax Shelters

The Tax Cuts and Jobs Act has turned us into a nation of tax shelter hunters.
January 18, 2018Howard Gleckman
: TaxVox

The TCJA Will Create More Complexity For Taxpayers Than It Claims

Among the most complex provisions of the Tax Cuts and Jobs Act (TCJA) is its special tax deduction for income earned by pass-through businesses. In...
January 5, 2018C. Eugene Steuerle