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Trump corporate tax plan could be a boon for advisory firms

August 19, 2016

 

 


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.

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Derek Hayes
Blue Vault's Services
April 14, 2016

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