The data presented in Table 4.3 suggest that the corporate form suffered a tax disadvantage relative to the partnership form from 1987 to 1992. List and explain the factors that caused this outcome....

The data presented in Table 4.3 suggest that the corporate form suffered a tax disadvantage relative to the partnership form from 1987 to 1992. List and explain the factors that caused this outcome. Why didn’t more firms convert from the corporate form to partnership form during this time?