Wednesday, February 12, 2020
Brant J. Hellwig (Dean, Washington & Lee) delivers the annual E.L. Wiegand Visiting Fellow Lecture at San Francisco today on The Tax Plight of the High-Salary Employee after the 2017 Tax Legislation:
Prior to the enactment of the 2017 Tax Cuts and Jobs Act, employees stood at modest tax disadvantage in comparison to independent contractors and individuals who successfully converted labor into a return on equity. The 2017 legislation, however, made matters significantly worse in relative terms for the high-salary employee. This presentation will explore this development through an analysis of the limitations on the deductibility of business-related expenses, the effective marginal rates that apply to labor income in the employment and self-employment sectors (focusing on the effect of IRC § 199A), and the effective marginal rates that apply to earnings generated through business entities.
Prior E.L. Wiegand Visiting Fellow Lectures: