The Tax Policy Center breaks down the way certain pass-through entities will see a cliff. Aside from the bad economics of this kind of policy, this is another example of the GOP being unable to draft a clear piece of legislation that can be read without massive assumptions or outright lies.
Category: Tax
Flow-Throughs Are the Answer
The Proskauer Tax Blog has a great write up on the potential effects of the House Bill. Aside from the great analysis of planning around these new rules, I want to highlight the lack of technical skill and competence that the GOP is throwing at these bills: “But the bills were drafted quickly…some of the …