How did the TCJA alter the relative preferences in terms oforganizational form? Illustrate this using a simple example where abusiness has pretax taxable income of $100 and operates:
a. A C corporation subject to a 21% tax rate, that pays out allafter-tax earnings as dividends, and in which the shareholders areall taxable at 20% on qualified dividends and 37% on ordinaryincome
b. A pass-through that does not qualify for the QBIdeduction
c. A pass-through that does qualify for the QBI deductionTax-Planning Problems
