TaxVox: Pass-through entities

In SCOTUS Moore Case, Taxation Without Receipt of Cash is Fair Game

December 1, 2023 –

The US Supreme Court will soon hear oral arguments in a case that raises a question most people have likely never even considered: Can your...

sign asking for support for local businesses

Understanding Revenue Implications For State Pass-Through-Entity Taxes

January 19, 2023 –

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...

Business Taxes

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

July 14, 2022 –

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...

Business Taxes

One Strong Global Minimum Tax Beats Two Weak Ones

July 8, 2022 –

According to recent news reports, Congressional Democrats are considering watered-down versions of two measures from last year’s Build Back Better Act . The alternative minimum...

Business Taxes

Biden’s “Undertaxed Profit Rule” Would Complete US Adoption of BEPS Pillar 2

April 27, 2022 –

President Biden’s 2023 budget would replace the current 10 percent base erosion anti-avoidance tax (BEAT) on US subsidiaries of foreign corporations with a 15 percent...

How Biden and Congress Could Improve Business Taxation

June 28, 2021 –

The Tax Cut and Jobs Act (TCJA) of 2017 created the most substantial changes in business taxation in decades. But in a new analysis, published...

State and Local Issues

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

June 24, 2021 –

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...

Business Taxes

Avoiding Biden’s Proposed Capital Gains Tax Hikes Won’t Be So Easy. Or Will It?

April 30, 2021 –

President Biden’s American Families Plan would make two big changes in the tax treatment of investment income such as long-term capital gains and dividends. Some...

Business Taxes

If Congress Wants the IRS To Collect More Tax from The Rich, It Needs to Pass Better Laws

April 5, 2021 –

Last week, a group of prominent academic and government economists published a study that estimated the top 1 percent of Americans hide more than 20...

Campaigns, Proposals, and Reforms

Permanently Extending the Tax Cuts and Jobs Act, President Trump Would Cut Taxes by $1.1 Trillion through 2030

October 27, 2020 –

During each presidential election, the Tax Policy Center analyzes the tax policies of the two major candidates. This year, TPC estimated the effects of Democratic...