As part of his new tax plan, the president has proposed ending the “step-up” in tax basis for inherited assets, and, furthermore, requiring the capital gains tax to be paid at death rather than when an heir later sells...
- Federal Corporate Income Tax Rates, Income Years 1909-2012
Federal Corporate Income Tax Rates, Income Years 1909-2012
Key Findings With his newly released tax reform proposal, Governor Paul LePage becomes the first governor to propose substantive tax reform in 2015. The plan would result in a tax cut of $267 million per year as of FY 2019, with the plan fully...
Key Findings The U.S. loses about 60,000 corporations per year and has lost about 1 million corporations since the Tax Reform Act of 1986. Over time, more businesses have structured themselves as "pass-through" entities. This allows...
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