In 2019, income from partnerships and S corporations, a form of "pass-through" income, totaled 25% of total AGI for those with AGI over $1 million, compared to 1% for those with AGI under $100,000.
January 31, 2022
Pass-through businesses (sole proprietorships, partnerships, and S-corporations) comprised 95% of all US business tax returns in 2015, but only 40% of business receipts, with traditional C-corporations accounting for the rest.
May 11, 2020
In 2016, income from partnerships and S corporations, a form of "pass-through" income, totaled 27% of adjusted gross income (AGI) for those with AGI over $1 million, compared to 1% for those with AGI under $100,000.
July 8, 2019