What are your thoughts about the lower qualified dividends

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Reference no: EM133354073

Questions:

Partnerships and S corporations are not taxed; their net incomes and expenses flow-through or pass-through to the partners and shareholders, respectively. C corporations are taxed at the corporate level and then corporate income is taxed again as it flows through to shareholders. Finally LLCs/LLPs are typically flow-through/pass-through entities as well.

Do you favor the §199A QBI deduction? Particularly since there is an income limitation on the QBI deduction and no income limitation on the recently reduced corporate income tax rate.

Furthermore, the tax law change, enacted in 2003, which created the lower tax rate for qualified dividends provides some tax relief on corporate income by reducing the tax at the investor level. What are your thoughts about the lower qualified dividends tax rate in light of this session?

Reference no: EM133354073

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