There has been a fair amount of discussion about President-elect Donald Trump's tax plan, and how it will not only add roughly $6 trillion to the national debt, but also how the benefits will most likely accrue to the top 10 percent of all wage earners.

The tax plan, as it is currently constructed and if passed, would take the overall number of tax rates down to three, cap deductions for married couples, filing jointly, at $200,000 and make some other alterations to the code.

It is also assumed that corporate tax rates will be reduced from the current 35 percent, down to 15 percent, while the 3.8 percent surtax on capital gains and dividends, received by wealthy individuals, will be eliminated altogether.

That's all well and good, if it simplifies the code and lowers taxes for all. I'm not certain, however, that it will work out that way.

There is an under-discussed and more interesting wrinkle in the new proposals that merits deeper exploration.

It is true that individual tax rates will go down, to some extent for almost all taxpayers.

However individuals like me, whose income flows through so-called "pass-through entities," like S-Corp, partnerships or LLCs, may receive an even bigger break than has generally been discussed.