Chicago Daily News Herald Column — Executive compensation planning for owner executives of private business after tax cuts and jobs act

The corporate tax rate applicable to C corporations (C Corps) has been reduced from 35 percent to 21 percent. Individual tax rates have also been reduced but not as significantly (from 39.7 percent to 37 percent). Individual tax rates on qualified business net income of pass through entities (S Corps, partnerships and LLCs) have been effectively reduced by 20 percent to 29.6 percent. This disparity in the effective tax rates creates some interesting challenges for planning executive compensation.

By Marc Stockwell

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