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.
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.