By M.D. Kittle – The tax reform package is what brought about Wisconsin small business owners to the nation’s capital Thursday to urge U.S. Sen. Ron Johnson to vote for the Tax Cuts and Jobs Act, when – or if – it hits the Senate floor. Read More Wisconsin Small Business Leaders Urge Johnson To Vote For Tax Reform
MacIver News Service – The chairmen of the two tax-writing committees in Congress are reaching out to small businesses to get recommendations about the best way to move forward on comprehensive tax reform. Read More Congressional Leaders Ryan & Hatch Seek Input from Small Businesses on Tax Reform
Think the personal income tax only matters for individuals? Think again. As the Tax Foundation lays out, most of Wisconsin’s workforce is employed by “pass-through” entities who pay the individual income tax. In these types of businesses, profits are “passed through” to the owners or shareholders and taxed by the federal and state income tax code. Read More Chart of the Day: Most Wisconsin Employees Work for Pass-Through Businesses