Tax Policy Center

pass-through businesses

State and Local Issues: TaxVox

State Pass-Through Entity Taxes Let Some Residents Avoid the SALT Cap at No Cost to The States

This week, Colorado became the 14 th state to either require or allow some pass-through businesses such as partnerships to pay state income taxes at...
June 24, 2021Kim S. Rueben
State and Local Issues: TaxVox

State Tax Debates Could Use Some (Customized) State Economic Data

Politicians love to make claims about tax policy. This tax cut will create jobs! That one forced the school district to fire teachers! But too...
November 12, 2019Richard C. Auxier
: TaxVox

House Democrats May Soon Ask For Trump’s Tax Returns But What Should They Request?

House Ways & Means Committee Chair Richard Neal (D-MA) reportedly is about to make a formal request for 10 years of President Trump’s tax returns...
March 7, 2019Steven M. Rosenthal
: TaxVox

Treasury Left The Door Open To The 20-Percent Tax Deduction For Pass-Through Businesses

Last Friday, Treasury finalized its regulations for the special 20-percent tax deduction for income from pass-through businesses, which was added by the 2017 Tax Cuts...
January 24, 2019Steven M. Rosenthal
: TaxVox

(Not So) Happy Birthday to the Tax Cuts and Jobs Act

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA), the biggest tax overhaul in the United States in...
December 19, 2018William G. Gale
Business Taxes: TaxVox

The TCJA’s Pass-Through Deduction Was Misguided From the Beginning

The Tax Cuts and Jobs Act’s (TCJA) special 20 percent individual income tax deduction for pass-through businesses such as partnerships and sole proprietorships was misguided—and...
August 15, 2018Howard Gleckman
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

The Post-TCJA’s Race To the Bottom

Corporations, owners of partnerships and other pass-through businesses, and millions of ordinary individual taxpayers are scrambling to understand how the Tax Cuts and Jobs Act...
April 5, 2018Howard Gleckman
State and Local Issues: TaxVox

Could States Fix The SALT Deduction Cap By Taxing Pass-Throughs and Giving Their Owners A Credit?

As states continue to search for ways to protect their residents from the Tax Cuts and Jobs Act’s (TCJA) limits on the federal deductibility of...
February 27, 2018Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

TPC Creates Some Examples Of How Families Would Fare Under The House And Senate Tax Bills

The House and Senate versions of the Tax Cuts and Jobs Act would change the tax bills of households in very different ways. To show...
December 13, 2017Howard Gleckman