Who Earns Pass-Through Business Income? An Analysis of Individual Tax Return Data
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.
Date:
October 24, 2017
Creator:
Keightley, Mark P.
Partner:
UNT Libraries Government Documents Department