… idea, but one thing that would be helpful on this is in our tax system right now. You know, C Corps, they're the big ones. They're about 5% American businesses. 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. (49:14–49:22)
CLAIM
Asserts that 95% of American businesses are pass-through entities.
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