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Message: [QUOTE="Gamecockfan77, post: 2490199, member: 6414"] 2. Francisco Franco 5. A pass through business is one in which there is no distinction between the income of the business and the income of the owner. Thus any income of the business is imputed to the owner and the owner pays taxes on the income at individual marginal rates. Typically you will see this with solo proprietorship, but you can elect pass through treatment in an llc as well. The alternative is when the business entity itself pays taxes on its income at corporate rates. The new tax bill cuts corporate income tax rates and apparently cuts tax rates on pass through income as well, with some exceptions. 9. Newt Gingrich 13. Luce? [/QUOTE]