Center on Budget & Policy Priorities: Reforming the Tax Treatment of S-Corporations and Limited Liability Companies Can Help States Finance Public Services, by Michael Mazerov:
Nineteen states impose only nominal taxes on businesses organized as subchapter S Corporations (S-Corps) or Limited Liability Companies (LLCs) even though these entities — which generate about one-fourth of all business receipts — benefit from state services just as businesses that are subject to state corporate income taxes do. In addition, many of the states that do impose meaningful taxes on S-Corps and LLCs would benefit by updating their tax laws in this area, such as by equalizing their tax treatment of the two kinds of entities. By reforming their policies toward S-Corps and LLCs, states can strengthen their revenue systems to help deal with budget problems states now face.
3 responses to “CB&PP: States Should Raise Taxes on LLCs and S Corps”
It’s called the ‘personal income tax.’
The Center For Budget and Policy Priorities is a think tank whose budget and policy priorities are ever higher taxes…
It’s called the ‘personal income tax.’
The Center For Budget and Policy Priorities is a think tank whose budget and policy priorities are ever higher taxes…
It’s called the ‘personal income tax.’
The Center For Budget and Policy Priorities is a think tank whose budget and policy priorities are ever higher taxes…
It’s called the ‘personal income tax.’
The Center For Budget and Policy Priorities is a think tank whose budget and policy priorities are ever higher taxes…
It’s called the ‘personal income tax.’
The Center For Budget and Policy Priorities is a think tank whose budget and policy priorities are ever higher taxes…
It’s called the ‘personal income tax.’
The Center For Budget and Policy Priorities is a think tank whose budget and policy priorities are ever higher taxes…
It’s called the ‘personal income tax.’
The Center For Budget and Policy Priorities is a think tank whose budget and policy priorities are ever higher taxes…
It’s called the ‘personal income tax.’
The Center For Budget and Policy Priorities is a think tank whose budget and policy priorities are ever higher taxes…
It’s called the ‘personal income tax.’
The Center For Budget and Policy Priorities is a think tank whose budget and policy priorities are ever higher taxes…