TaxVox: Pass-through entities

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

November 12, 2019 –

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...

Treasury Keeps Obama Administration Earnings Stripping Regulations, But Limits Them

November 1, 2019 –

Yesterday, the Treasury Department announced it would keep, but limit, an important tool added by the Obama Administration to stem tax-driven corporate inversions: the regulations...

Tackling Stock Buybacks: Too Little, Too Late from Foreign Investors

February 21, 2019 –

The 2017 Tax Cuts and Jobs Act (TCJA) lowered taxes for US corporations, with the stated goal of creating jobs throughout the US . In...

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

January 24, 2019 –

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...

TPC Is Improving Its Modeling Of Five Tax Expenditures

December 18, 2018 –

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,...

Business Taxes

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

August 15, 2018 –

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...

Business Taxes

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

August 14, 2018 –

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...

Indexing Capital Gains via Regulations is Still a Bad Idea

July 31, 2018 –

The Trump Administration reportedly is thinking about using its executive authority to redefine capital gains so only returns from the sale of assets in excess...