Business people know the term “pass-through” refers to the finances of subchapter-S corporations — for tax purposes, profits and losses are assessed directly on an S corporation’s shareholders, not on the corporation itself.

This is my elongated and probably tortured way to suggest you go to the MacIver Institute website and read my Special Guest Perspective about how the state budget isn’t really balanced, despite the claims of Gov. Scott Walker and Republicans. (Hint: It has to do with how you measure finances.)