MLB Owners Seek Rule Change to Claim Tax Break
(World News USA)

Major League Baseball (MLB) is pushing to let professional sports team owners benefit from the 20 percent `pass-through` deduction, a key provision of the 2017 tax law. This unwarranted change to proposed Treasury regulations to implement the law would come on top of several of the law`s other provisions that benefit this ultra-wealthy group, such as the cut in the top individual income tax rate and the $11 million increase in the amount of an estate that a couple can pass onto their heirs tax free. The 2017 tax law gives a 20 percent deduction on certain `pass-through` income - income that the owners of businesses such as partnerships, S corporations, and sole...