Tax
Jun. 13, 2017
Plan would turn flow-through tax precedent upside down
Details are scant on Trump's proposed tax reform. But one proposed provision is worth serious reflection: The reduction of tax on flow-through entities to a 15 percent flat rate.
Megan Lisa Jones
Email: megan.jones@withersworldwide.com
Loyola Law School
Megan is a tax attorney who specializes in estate and business planning. She was previously an investment banker at firms including Lazard Freres & Company.
The Trump administration has proposed tax reform based on vague premises sketched on one page. House Speaker Paul Ryan has also proposed more comprehensive Republican tax reform which mirrors some of those proposals. And President Donald Trump raised even deeper reform concepts before being elected. We don't yet know the seriousness of individual reform provisions in the context of the change desired, but tax reform has a real shot of actually happening - in at least some form. One propose...
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