HOW New Tax PLAN HELPS TRUMP – N.Y. Times

Published September 30, 2017 by Nan Mykel

From NY Times via  But if the Trump tax plan goes into effect these high earners will see their tax rate reduced to twenty-five per cent—a huge reduction.

Donald Trump constantly spouts falsehoods. Sometimes he merely shades the truth outrageously. Other times he tells full-on whoppers. And that’s what he did in Indiana on Wednesday, when he said that the new Republican tax-reform plan “is not good for me.”

Trump hasn’t released his tax returns, of course, so it’s difficult to estimate precisely how much money he will save if his tax plan goes through. But since last summer, when Trump’s Presidential campaign released an initial version of his vision for tax reform, tax experts and journalists have been pointing to aspects of it that could benefit him greatly. Among others, the Washington Post’s Jim Tankersley, NPR’s Jim Zarroli, and Slate’s Jordan Weissmann have investigated different ways that Trump stands to benefit. I’ll briefly try to explain each of the reform proposals that these reporters have previously looked at, and also mention one additional way that the tax plan could end up being a boon to the President’s businesses.

 But if the Trump tax plan goes into effect these high earners will see their tax rate reduced to twenty-five per cent—a huge reduction.

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