PCV notes that if the President gets his wish on tax reform there would be a huge monetary incentive for individuals to reclassify themselves as ‘pass-through’ businesses. Actors and Producers are both groups likely to take advantage this incentive.
May 11, 2017
‘If Donald Trump gets his way on tax reform, Hollywood actors, directors, and writers stand to be among the biggest beneficiaries. Understanding why takes some appreciation of the fact that the entertainment industry isn’t just five big corporations, but also thousands of smaller ones — almost all incredibly obscure even if their owners are quite famous.’