The plan would create a new 25 percent tax rate for «pass - through» businesses —
sole proprietorships, partnerships and S corporations that
currently pay taxes at the individual rate of their
owners.
«Pass - through» companies like LLCs, partnerships,
sole proprietorships, and S corporations, which are overwhelmingly owned by rich individuals like Donald Trump and
currently pay normal income tax rates after their earnings are returned to the companies»
owners, would get a huge number of tax cuts too: