What most naturally follows?

How to compare tax rates between business structures
Understand the pass-through business idea.
Some businesses are considered to be pass-through structures, which means the business's income passes through the business structure directly to the individual owners. If your business is a pass-through business, it will not be taxed at a corporate rate.
Instead, your business's income will be taxed at your individual income tax rate. Pass through businesses always include sole proprietorships and s corporations.