I assure you the local plumber or landscaper pays taxes.
People pay taxes. Corporations do not.
Oh good. This has all just been a great big misunderstanding. Can you do me a favor? Can you call Paul Ryan’s office and tell him he doesn’t need to increase taxes on millions in the middle class so that the corporations can get a tax rate cut from 35% to 20%? Thanks very much.
“That is the point.”
And they keep all SALT deductions. And not just those little guys...BIG privately owned companies keep them too. Law and Medical partnerships, LLC’s, Sole Proprietors...every kind of corporation.
Only individuals lose SALT deductions.