Trump's Tax Plan May Turn a Rush of Taxpayers Into LLCs

The Trump administration’s proposal to slash the tax rate on partnerships and limited liability companies could set off a stampede of individual taxpayers trying to reclassify themselves as so-called pass-through businesses in order to take advantage of the savings. Alexis Leondis has more on "Bloomberg Markets." (Source: Bloomberg)

Bloomberg Markets: Balance of Power 8/31/2017
07:17 - Guests include: Rep. Sheila Jackson Lee, a Texas Democrat, and Rep. Leonard Lance, a New Jersey Republican. (Source: Bloomberg)
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