95% of businesses are passers, which means the business income passes through to the individual or in his tax at that level. The result of all this is 75% of C Corp income is never double taxed. Okay. We dropped the tax rate, I think way lower than we had to for C Corps, put them at a huge economic advantage to pass throughs. (49:23–49:28)
CLAIM
Asserts that 75% of C Corporation income avoids double taxation.
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