The income of proprietorships is often treated as personal income of the owner.

Name: The income of proprietorships is often treated as personal income of the owner.
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According to the IRS, proprietorships are considered pass-through entities, which means that the income earned by the business is reported on the owner's personal tax return and is subject to personal income tax rates. Therefore, the income of proprietorships is often treated as personal income of the owner.

The Income of Proprietorships Is Often Treated as Personal Income