United States:
"Pass-Through Deduction Primer"
22 March 2018
Stroock & Stroock & Lavan LLP
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There were several changes to the income tax—including the
reduction in the top corporate tax rate to 21 percent, the
reduction in individual income tax rates, including a new top
marginal income tax rate of 37 percent and the imposition of a
$10,000 cap on the deduction for state and local income, sales and
property taxes—the most controversial income tax topic may be
the new 20 percent pass-through deduction.
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