- Joined
- Jun 11, 2009
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- Libertarian
Mr. Reitmeyer is working on creating a structure for a lending company that would allow bonuses for its senior executives to be taxed at the much lower 25 percent rate.
This would be done by dividing the assets of the firm between the existing corporation and a new pass-through company. The senior executives would be passive investors in that new company, which could then pay them “distributions” — or bonuses — at the 25 percent rate. Other employees, however, would still pay regular tax rates on their income.
https://www.nytimes.com/2017/11/17/your-money/tax-cuts-small-business.html
I think when historians look back on this legislation, and what it promised to do (drive growth and increase wages) and what it actually will do (create massive economy stifling deficits, decrease social mobility, and further increase income inequality) they will share a collective sigh because of how predictable it all was.