pass-through taxation
- A system where business profits are only taxed once, with the owners, not the business, paying the taxes
- With pass-through taxation, the entrepreneur paid taxes for her business profits through her individual tax return.
- Due to pass-through taxation, his start-up's earnings were taxed on his personal tax return, instead of the business being taxed.
- Pass-through taxation prevented the small business from being directly taxed, taxing the owners instead.
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