[Lurking Libertarian]

So what? If it’s immediately passed thru then it’s taxed to the owner on his personal return.

That used to be the law. The new law taxes only 80% of what's passed through. The other 20% is not taxed at any level, corporate or individual.

[Brilliant]

That isn’t the way that read the article. You pass it thru and get a 20% deduction at the corporate level.

[Brilliant]

Under the existing law you get taxed at the corporate level and the personal level... uless you’re taxed as a small business and in that instance this is all irrelevant.

[marktwain]

The new law taxes only 80% of what’s passed through. The other 20% is not taxed at any level, corporate or individual.

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So it encourages people to start businesses? Cool.