"By lowering individual income tax rates and increasing corporate tax burdens, the Tax Reform Act of 1986 made the S corporation the better deal, and a growing share of business owners have given that income the name “profit.”…
That change of label pulls down the measured labor share because the national accounts count S corporation profit as capital income."
Framing: assertive ·
First seen: 2026-09-05 ·
Last seen: 2026-09-05 ·
Spread: 1 articles