Wednesday, 7 June 2017

Rich could get nearly $2 trillion tax cut under Trump’s tax loophole

President Donald Trump’s tax treatment of pass-through income could cost as much as $1.95 trillion over 10 years, according to a new analysis. And more than three-quarters of the cut would go to the wealthy. The Tax Policy Center said that if Trump’s plan to tax pass-through income at 15% takes effect, federal tax revenue

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