Detailed text transcripts for TV channel - CNN - 20170928:08:39:00
People earn. they haven't decided yet what the income requirements are going to be. >> that's the big question. why is the past-through rate so important? and how they'll enforce it also. >> well i don't know about the enforcement angle of that. the past-through rate is something that is very good for entrepreneurs. >> small business? >> small business. they have an llc or limited liability partnership. or llp. and they are paying their taxes through the stated individual rate. so you lower that pass-through rate to 25%. top rate was 39.7% in 2017 so that's a 14-point deduction. or discount. >...
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