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Tax Consequences Of Profit-Sharing Plans For Small Businesses, Joseph Coats Mccracken

Anderson School of Management Theses & Dissertations

The number of Treasury-approved profit-sharing and pension plans has increased from less than two thousand in September, 1942, to over twenty-one thousand in September, 1953. Part of the explanation for this increase may be found in high tax rates which prevailed during World War II, and the tax advantages which accrued to business by setting up qualified deferred-benefit plans. Considerable material has been written on the subject in recent years covering not only the income tax advantages involved, but many other equally important business considerations. This material, however, almost without exception, has dealt with the subject from the standpoint of …