Detailed text transcripts for TV channel - MSNBC - 20170429:13:13:00
Partnerships, sole proprietorships. the reason this is a problem is it creates a huge incentive for high-wage workers to basically incorporate themselves because it would have the highest -- >> llc. >> yes, a self-llc, because the highest tax rate for the individual income tax will be under his plan 35%. but if you're a company, if you can call yourself a company, it's 15%. this is going to lead to a huge tax sheltering bonanza. we saw something very similar happen in kansas where you had zero percent tax rates for pass-through entities. lots of workers started calling themselves companies and...
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