How tax-cut plan could benefit Trump and wealthy staffers

[yortsed snacilbuper]

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 wealthiest would enjoy the biggest bounty. Those provisions include a lower corporate tax rate; favorable rates for business profits used as personal income; and the elimination of both the estate tax and the "alternative minimum tax," which was designed to ensure that the richest Americans pay at least some income tax.

"Based on what we know, this will be an enormous tax cut for people in the top 1 percent," said Howard Gleckman, a senior fellow at the Tax Policy Center.

http://www.msn.com/en-us/news/politics/how-tax-cut-plan-could-benefit-trump-and-wealthy-staffers/ar-AAsAl1e?li=AA5a8k&ocid=ientp

[Yo_Mama_Been_Loggin]

1. Of course it will.