Tax loophole in Trump's plan would create windfall for the rich

What the Trump and Harris Tax Plans Mean for Your Wallet - Barron's

Harris would cut taxes for lower earners, but raise them for the wealthy. ... In addition to lower tax rates and a big break for business owners ...

Donald Trump's tax plan probably won't soak the rich, after all

Trump claims that his plan nonetheless will be "revenue neutral," because it reduces or eliminates unnamed deductions and loopholes for the " ...

Extending Trump-Era Tax Cuts Would Worsen Income Inequality ...

Costly provisions of the Tax Cuts and Jobs Act of 2017 (PL 115-97) set to expire in 2025 should not be extended to prevent a further ...

How tax-cut plan could benefit Trump and wealthy staffers – Press ...

But tax experts say several provisions in the plan — including lowering the top personal tax rate to 35 percent from 39.6 percent — make it likely that the ...

Trump tax plan: Relief for his voters and the wealthy but lots of ...

On the flip side, Trump wants to eliminate the deduction for state and local taxes, a big tax break that benefits millions, especially people ...

Republicans passed tax cuts — then profited

In the Senate, the champion for the pass-through break was Ron Johnson, a Wisconsin Republican who was a Budget Committee member when the tax ...

Where did the $1.5 trillion in Trump tax cuts go? - Marketplace.org

The Trump 2.0 economy. There's a lot happening in the world. Through it all, Marketplace is here for you. You rely on Marketplace to break ...

Trump tax plan could save him millions under guise of helping ...

... Trump plan would give the 400 highest-income households a tax break of about $9m each” per year. Dean Baker, co-founder of the nonpartisan ...

Trump's tax plan could actually benefit wealthy people like him

Trump insists his plan to cut taxes won't be a windfall for the richest ... wealthy stand to gain will be offset by closing loopholes they ...

A White House Fairy Tale About the Trump Tax Plan | The New Yorker

... loopholes in the tax code that businesses can already exploit. The real problem appears to be that many firms can't see enough profitable ...

The big winners from Trump's business tax cut - Politico

Many people worry that changing the pass-through rate will also create a new loophole for the wealthy, encouraging them to reclassify their ...

A Windfall for the Wealthy That Punishes the Poor

The Senate Republicans' tax plan would shift resources to the richest ... Closing the Data Broker Loophole Is Urgent. When you visit a reproductive ...

Trump tax plan: Relief for his voters, but lots of unknowns

On the flip side, Trump wants to eliminate the deduction for state and local taxes, a big tax break that benefits millions, especially people ...

Trump Says His Tax Plan Wouldn't Benefit the Rich, But Numbers ...

... break as he has proposed, Trump added, “I think the wealthy will be pretty much where they are. If they have to go higher, they'll go higher ...

Pearls of Wisdom: Trump Tax Plan Proves Billionaire Populist Really ...

Listening to Republican presidential frontrunner Donald Trump's stump speech about taxes, I was intrigued that his official tax plan might break ...

Legal News > Your source for information behind the law

A look at how Trump's tax plan could affect ... Cohn said the deduction would create "a zero tax ... tax returns, it would be a huge windfall for many rich families ...

The False Promise of Opportunity Zones - Boston Review

He asked Congress to help “communities to break the bondage of dependency. Help us to free enterprise by permitting debate and voting 'yes' on ...

Trump tax plan: Relief for his voters but lots of unknowns - WRBL

On the flip side, Trump wants to eliminate the deduction for state and local taxes, a big tax break that benefits millions, especially people ...

Trump Proposes Giant, Unfunded Tax Cut for Himself

The plan creates a massive loophole with which ordinary people can evade taxes. ... But after discovering that giving the rich a tax break ...

Tax Cuts and Jobs Act - Wikipedia

The Senate bill initially would have eliminated the state and local property tax deduction ... "Europeans Tell Mnuchin the GOP Tax Plan May Break Treaties, Hurt ...