No. of Recommendations: 1
Heard one talking head say they will carve out exceptions to LLC pass throughs. Mostly aiming at high earning professions such as physicians, lawyers, etc., that could operate as an LLC. Small business LLCs such as rental properties, mom & pop shops would be allowed to pass through.

All this just further proves that we need a flat tax. Too many loopholes, exceptions, etc.

Corporate taxes are basically flat. You can add exceptions, loopholes, etc. to flat taxes just as easily as you can to tax brackets.

The real issue is defining income. My proposal, which will never in a billion years come about, is define all income the same.
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