Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The figure is surely in the millions, assuming Trump is anywhere near as wealthy as he claims.Trump claims to be worth $10 billion; Forbes estimates his wealth at $3 billion, and some analysts believe the true figure is lower. Any way you look at it, however, he's a wealthy man – and the tax bill, which Trump signed before jetting off to Mar-a-Lago for Christmas, is designed to make the very rich even richer.Like all 1-percenters, Trump will benefit from the lowering of the top tax rate from 39.6 percent to 37 percent. Trump conducts his business affairs through hundreds of "pass-through" companies whose income is taxed at the personal rate, not the corporate rate. At first, senators sought to limit this sweetheart deal to companies with large numbers of employees or high payrolls – unlike Trump's pass-through businesses, which are mostly paper entities. It would be hard to craft a measure more tailor-made to enrich Trump and his family. Trump also gets to continue using a frequently abused tax loophole called "like-kind exchange".
The table is set for Democrats
to take the House
Trump can’t make America white again
Democrats must not defeat themselves, again
FOLLOW THIS ARTICLE