Trump’s Tax Plan Cuts Rates for Individuals and Corporations and Eliminates Many Deductions
“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”
The Estate tax in 2017 only applies to estates of $5,490,000 or more. If Donald Trump died tomorrow Melania, as his spouse, would still not have to pay any estate taxes on Donald's supposed $10 billion dollars- because of the spousal exemption. If both of them died tomorrow- then yes- his kids would face estate taxes.
How does eliminating the estate tax benefit 'working people'? How does it generate jobs?
Provisions such as the alternative minimum tax and the estate tax, a tax on inherited wealth which Mr. Trump has derided over the years, would be gone under the Republican proposal.
How does it do anything but benefit the families of the wealthiest Americans?
Save me the arguments that the Estate tax is 'unfair'- Trump and the Republicans are claiming these tax cuts are all about generating jobs and benefiting the middle class- if you want to claim that the reason to eliminate the estate tax is because the tax is 'unfair'- then go ahead and admit that Trump and the Republicans are lying to Americans about what the tax cuts are for- and who they are supposed to benefit.
“My plan is for working people and my plan is for jobs,” Mr. Trump said. “I don’t benefit. Very, very strongly I think there’s very little benefit for people of wealth.”
The Estate tax in 2017 only applies to estates of $5,490,000 or more. If Donald Trump died tomorrow Melania, as his spouse, would still not have to pay any estate taxes on Donald's supposed $10 billion dollars- because of the spousal exemption. If both of them died tomorrow- then yes- his kids would face estate taxes.
How does eliminating the estate tax benefit 'working people'? How does it generate jobs?
Provisions such as the alternative minimum tax and the estate tax, a tax on inherited wealth which Mr. Trump has derided over the years, would be gone under the Republican proposal.
How does it do anything but benefit the families of the wealthiest Americans?
Save me the arguments that the Estate tax is 'unfair'- Trump and the Republicans are claiming these tax cuts are all about generating jobs and benefiting the middle class- if you want to claim that the reason to eliminate the estate tax is because the tax is 'unfair'- then go ahead and admit that Trump and the Republicans are lying to Americans about what the tax cuts are for- and who they are supposed to benefit.