Pass-through business tax rate

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This new proposed tax plan would set the tax rate for pass-through businesses at 25%. Currently this is treated as income for owners. So wouldn't this be an increase for many small businesses?

 

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Six Charts That Help Explain the Republican Tax Plan

Most pass-throughs are small sole proprietorships currently paying less than a 25 percent marginal rate. But a few are quite large — 1.7 percent of pass-through businesses generate more than 40 percent of all pass-through income and are taxed at the top 39.6 percent rate. The plan would be a windfall for these high-earning pass-throughs.