> Right now, freelancers, sole proprietors, unincorporated small
businesses and pass-through entities are taxed at the high personal income tax rates. [...] The Trump plan addresses this challenge head on with a new business income tax rate within the personal income tax code that matches the 15% corporate tax rate
Huh. That's super weird. What's the difference between an S-Corp and a C-Corp then? I agree that this part of the plan is dumb (Trump proposes a dumb thing! News at 11!). I can't imagine that this part of the proposal will get anywhere.
Corporate tax rates are for C-Corps.