• Tax Reform Blueprint Expected to Include 25% Tax Rate for Pass-Through Entities
  • October 2, 2017
  • The GOP tax reform framework is expected to include a new 25% tax rate for “pass-through” businesses, so named because profits and losses transfer directly to the entity’s owners. Income earned through pass-through businesses is currently taxed at individual income rates as high as 39.6%. President Trump is scheduled to announce his tax reform plan, which will also include specific tax rates for individuals and corporations, on Wednesday, September 27th, according to White House spokesperson Sarah Sanders.

    Republican tax plan expected to include new ‘pass-through’ business rate