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. Their tax rate now is what we call permanent and Pass throughs automatically going to get a tax increase in 2026. What I was arguing back in 2017, I call it a true Warren Buffett tax is convert C Corps to pass your entities. (49:40–49:44)
CLAIM
Asserts that pass-through entities will face a tax increase in 2026.
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