Business Insider
The proposed pass-through tax rate will not apply to professional service partnerships, such as accounting, law and consulting firms. Pass-through businesses that are eligible for the new rate will have the option of declaring 70 percent of their income as wages, subject to the personal rate of the owner, and 30% as business income subject to the new 25% rate, or set the ratio of the business’ wage income to business income based on the amount of their capital investment.