open_word} Back in September, when Republicans introduced the first look at their plan for massive tax reform, President Donald Trump insisted that his supporting it was selfless. The bill as it currently exists, known as the Tax Cuts and Jobs Act, overwhelmingly helps wealthy Americans like Trump. This will certainly benefit Trump: according to a leaked tax return from 2005, the AMT increased the president's tax bill from $5.3 million to $36.5 million. That income is then taxed at individual income tax rates — which can be as steep as nearly 40%. The new plan could slash the tax rate for these businesses to 25%.
السبت، 4 نوفمبر 2017
Here's How the Republican Tax Plan Would Personally Help Donald Trump
collected by :Tod Hinery
open_word} Back in September, when Republicans introduced the first look at their plan for massive tax reform, President Donald Trump insisted that his supporting it was selfless. The bill as it currently exists, known as the Tax Cuts and Jobs Act, overwhelmingly helps wealthy Americans like Trump. This will certainly benefit Trump: according to a leaked tax return from 2005, the AMT increased the president's tax bill from $5.3 million to $36.5 million. That income is then taxed at individual income tax rates — which can be as steep as nearly 40%. The new plan could slash the tax rate for these businesses to 25%.


open_word} Back in September, when Republicans introduced the first look at their plan for massive tax reform, President Donald Trump insisted that his supporting it was selfless. The bill as it currently exists, known as the Tax Cuts and Jobs Act, overwhelmingly helps wealthy Americans like Trump. This will certainly benefit Trump: according to a leaked tax return from 2005, the AMT increased the president's tax bill from $5.3 million to $36.5 million. That income is then taxed at individual income tax rates — which can be as steep as nearly 40%. The new plan could slash the tax rate for these businesses to 25%.
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