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Taxation Committee Report JCS-02-05: A Closer Look

The Congressional tax change proposal for owners of LLPs, LLCs and S-corporations would fill only a small part ' about 1.5% ' of the projected Social Security funding gap; but the proposal looms much larger when compared with other elements of the Joint Committee's overall tax-revision package

25 minute read March 16, 2005 at 02:31 PM
By
Joe Danowsky
Taxation Committee Report JCS-02-05: A Closer Look

The Congressional tax change proposal for owners of LLPs, LLCs and S-corporations would fill only a small part ' about 1.5% ' of the projected Social Security funding gap; but the proposal looms much larger when compared with other elements of the Joint Committee's overall tax-revision package (see Table 1, below).

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