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An area of consensus, at this writing, is ensuring a new low top rate on pass-through businesses partnerships (S Corporations, sole proprietorships). But, separating business and individual rates brings its own challenges.
Why it’s important: Many ReMA member companies are pass-through entities currently, and this tax proposal, if enacted, could force some to incur the trouble and unproductive cost of converting to C corporation status in order to remain competitive.
SPAN Main