Proposed Federal Tax Law Changes Are Brewing In Congress: Outlook Is Grim For Pass-Through Owners

Contributing sentiments towards policy:

53% : All factors seem to indicate that federal income taxes are increasing in the start of the new year.
52% : If the proposals go through as they are currently written, pass-through owners could see their effective tax rate increase as much as 9% and a potential increase to 20% for their cash outlay for federal income taxes.
51% : This meaningful increase in the effective tax rate and cash outlay is indeed taxing the wealthy, but Congress needs to also consider a crucial tipping point: When do the amount of taxes impact an individual's decision to invest back into our economy and create business growth?
38% : With the festivities starting for Halloween, Congress has chosen to provide tricks rather than treats in their desire to increase taxes and push through significant tax law changes through a process called budget reconciliation.

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