Trump corporate tax plan could be a boon for advisory firms
For some advisers who structure their practices so that revenue is reported on their personal income tax returns, Mr. Trump’s idea represents a significant tax break
Aug 18, 2016 @ 1:36 pm | By Mark Schoeff Jr. | Investment News
Republican presidential nominee Donald Trump wants to tax all corporations at 15%, a rate reduction that could be a boon to some investment advisory firms.
For advisers who structure their practices so that its revenue is reported on their personal income tax returns, Mr. Trump’s idea represents a significant tax break.
Currently, so-called pass-through entities, partnerships, limited liability corporations and S corporations are taxed at individual rates, which can be as high as 39.6%, the top individual bracket. Traditional corporations are taxed at a 35% rate.
