Who Earns Pass-Through Business Income? An Analysis of Individual Tax Return Data Metadata

Metadata describes a digital item, providing (if known) such information as creator, publisher, contents, size, relationship to other resources, and more. Metadata may also contain "preservation" components that help us to maintain the integrity of digital files over time.

Title

  • Main Title Who Earns Pass-Through Business Income? An Analysis of Individual Tax Return Data

Creator

  • Author: Keightley, Mark P.
    Creator Type: Personal
    Creator Info: Specialist in Economics

Publisher

  • Name: Library of Congress. Congressional Research Service.
    Place of Publication: Washington D.C.

Date

  • Creation: 2017-10-24

Language

  • English

Description

  • Content Description: This report analyzes individual tax return data to determine who earns pass-through business income which is from sole proprietorships, partnerships, and S corporations. The analysis finds that in 2011 over 82% of net pass-through income was earned by individuals with an adjusted gross income (AGI) over $100,000, although these taxpayers accounted for just 23% of individual returns with pass-through income. Who earns pass-through income may have important implications for tax reform.
  • Physical Description: 13 p.

Subject

  • Legislative Indexing Vocabulary: Taxation
  • Legislative Indexing Vocabulary: Business income tax
  • Legislative Indexing Vocabulary: Tax reform

Coverage

  • Place Name: United States

Collection

  • Name: Congressional Research Service Reports
    Code: CRSR

Institution

  • Name: UNT Libraries Government Documents Department
    Code: UNTGD

Resource Type

  • Report

Format

  • Text

Identifier

  • CRS Report Number: R42359
  • Accession or Local Control No: R42359_2017Oct24
  • Archival Resource Key: ark:/67531/metadc1042204