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. Their tax rate now is what we call permanent and pass throughs automatically going to get a tax increase in 2026. (49:28–49:36)
CLAIM
Asserts that the tax rate for C Corporations was reduced significantly, giving them an economic advantage over pass-through entities.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
