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Trump Tax Benefits.pdf

How-Trump-Benefits-from-the-Trump-GOP-Tax-Law-12-22-17-FINAL.pdf

🔗 Source: americansfortaxfairness.org

📊 Size: 635 KB

👤 Author: Microsoft Office User

⬇️ Downloads: 126

Summary

President Trump will benefit enormously from his tax plan, with estimated annual savings of at least $11 million and possibly as much as $22 million. The new law cuts the top individual tax rate to 37%, reduces the corporate tax rate to 21%, and allows pass-through business owners to deduct 20% of their income, creating an effective top rate of 29.6%. Trump's businesses, including his 500 pass-through entities, will benefit from these changes, and he will also save around $4 million in estate taxes due to the doubled exemption amount. Additionally, special exceptions in the new law will allow Trump to enjoy the benefits of the lower pass-through rate, despite provisions intended to prevent certain types of businesses from doing so.

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Description

President Trump will benefit enormously from his tax plan, with estimated annual savings of at least $11 million and possibly as much as $22 million.

Technical Information

File Format: PDF
File Size: 635 KB
Pages: 4
Language: EN
Author: Microsoft Office User
Total Downloads: 126
Last Updated: 2 weeks ago

Document Overview

This PDF document about Trump Tax Benefits provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Trump Tax Benefits.