Grant Thornton Report on Tax Reform for Passthroughs

Grant Thornton has released a report on tax reform for passthroughs that notes that passthroughs  are often taxed at a higher rate than corporations, creating imbalances in the economy, and a solution to this problem must define passthrough business income, tax it at a low and uniform rate, and establish rules to keep business owners from recategorizing their wages as income.

See full report by clicking Grant Thornton, A Tax Conundrum: How tax reform could hurt Main Street businesses. 

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.