Growing corporate trend: going tax-free. More than 60% of U.S. businesses with profits of $1M...

|By:, SA News Editor
Growing corporate trend: going tax-free. More than 60% of U.S. businesses with profits of $1M are structured as pass-throughs, pushing federal corporate tax collections to just 1.3% of GDP from their peak of 6.1% in 1952. The rules originally were meant to help small businesses and entrepreneurs, but larger firms like Blackstone (BX), Bechtel and Kinder Morgan (KMI) also are taking advantage.