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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...
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...
Eliminate The Deduction For Qualified Business Income And Require Most Firms To Be Taxed As Pass-Throughs
June 4, 2018
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...
1986 RIP: Different Tax Rates for Different Income Sources
March 16, 2018
The 2017 Tax Cuts and Jobs Act (TCJA) was the most far-reaching tax legislation since the Tax Reform Act of 1986 (TRA86). It also put...
Navigating The TCJA’s Pass-Through Deduction
February 1, 2018
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...
The Senate’s Tax Bill Would Cut Taxes Three Times More For Business Owners Than Workers
December 13, 2017
The Senate’s Tax Cuts and Jobs Act (TCJA) could reduce taxes by nearly three times as much for business owners in 2019 as for people...
Who Owns Pass-Through Businesses, And Who Would Benefit From Trump’s Plan To Cut Their Taxes?
August 25, 2016
Donald Trump’s proposal to cut the tax rate to 15 percent for pass-through businesses such as partnerships and S corporations would overwhelmingly benefit high-income taxpayers...
Pass-Through Firms Report $800 Billion in Net Income, Can’t Be Ignored in Business Tax Reform
October 2, 2014
Washington is going through another one of its periodic calls for business tax reform. But new research by my Tax Policy Center colleague Joe...
© Urban Institute, Brookings Institution, and individual authors, 2016.