- 29 Sep 2017 21:36
#14847426
Trump said: “I don’t benefit. I don’t benefit,” Mr. Trump said on Wednesday. “In fact, very, very strongly, as you see, I think there’s very little benefit for people of wealth.”
But: Repealing the federal estate tax could save his family about $1.1 billion, though it could still be subject to New York estate taxes.
His plan to repeal the alternative minimum tax would save him $31.3 million.
Mr. Trump’s proposed changes could allow individuals to qualify for a significantly reduced tax rate of 25 percent on certain types of income they receive through business partnerships and similar entities. Mr. Trump could save as much as $6.2 million on business income and $9.8 million on income from real estate and other kinds of partnerships under this plan, compared with his tax burden under current law.
A traitor to his class? I don't think so.
But: Repealing the federal estate tax could save his family about $1.1 billion, though it could still be subject to New York estate taxes.
His plan to repeal the alternative minimum tax would save him $31.3 million.
Mr. Trump’s proposed changes could allow individuals to qualify for a significantly reduced tax rate of 25 percent on certain types of income they receive through business partnerships and similar entities. Mr. Trump could save as much as $6.2 million on business income and $9.8 million on income from real estate and other kinds of partnerships under this plan, compared with his tax burden under current law.
A traitor to his class? I don't think so.
"Society in those days was a perfectly competent, perfectly complacent, ruthless machine." Virginia Woolf 1897
- By JohnRawls
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