Trump has proposed to tax individuals’ income from partnerships, limited liability companies and other so-called “pass-through” business entities at a 15 percent rate -- down from a current top rate of 39.6 percent. That provision may get some new restrictions, said economist Stephen Moore, who has been advising Trump on tax matters.
“We are absolutely dedicated to making sure the 15 percent is for legitimate businesses,” Moore said in an interview Thursday.
The campaign has become concerned that people with high wage and salary income could attempt to reclassify their earnings as investment income and route it through a pass-through entity -- cutting their tax rate, Moore said. Trump’s advisers plan to release more details about his tax proposals in two weeks, Moore said.