A new study by Quantria on behalf of NFIB and the S Corporation Association shows the top marginal tax rate on S corporation owners is now 44.7%, compared with a top marginal rate on C corporations of 35%. The reason: In addition to the top individual income tax rate is 39.6%, add 1.3% because of the phase-out of itemized deductions and 3.8% for the additional Medicare tax on net investment income.
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