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  • April 03
  • Posted By: Magda Abdo-Gomez
  • Posted In: Qualified Business Deduction , Tax Deductions
  • Date: April 3, 2018
    • 0
    • 1154

Overview of the Qualified Business Income Deduction

         The reduction in the corporate tax rate under the 2017 tax act would have, without additional action, resulted in an inequity in the taxation of pass through entity income as individuals will generally have a higher income tax rate than the 21% corporate tax rate. To remedy the situati...
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