The largest closely held businesses would face a series of overlapping tax increases under Democratic proposals, leading to heavier burdens on high-income owners of partnerships and S corporations.
Good
So they’ll finally owe the same as people who pay top rates on W-2 income. If they’d only close the carried interest loophole…PE and hedge fund could finally pay their fair share. It’s not about raising the rates, it’s about closing the loopholes
The tax increases means save wage increases by dent of American government policies.
How many businesses with income over $5 million are owned directly by actual people and are not incorporated with the associated tax benefits? I'm so tired of media trying to scare the middle class into believing that taxing corporations fairly is going to hurt everyone.
Highly taxes should encourage business owners to reinvest to grow business and increase worker pay and benefits. If they don’t then higher and higher taxes are reasonable.
Just a reminder. Trump and GOP = 8 trillion added to debt in four years. That is malpractice.