The Corporate Tax Ploy That Robs the Treasury of $100 Billion a Year
from The Fiscal Times
The business community has long complained that the 35 percent top corporate tax is the highest in the world and has placed them at a distinct competitive disadvantage. Yet many entrepreneurs have sharply reduced their tax obligation over the past decade or two by changing their corporate structure to "pass-through" entities that enable them to pay a much lower tax rate under the federal personal income tax code.
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