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Pass Through Entity Additional Tax Proposal

By December 8, 2021January 31st, 2024blog, Uncategorized

In the current Build Back Better plan legislators want to tax pass-through entities (S-Corporations & Partnerships) an additional 3.8%.

This surtax would be taxed on income that is pass-through to an individual that owners a pass-through entity and materially participates.

Currently, the proposal will only apply to individuals with taxable income over $400,000 or $500,000 if married filing jointly.

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