Trump Stuffs His Own Pockets
America has one of the largest wealth-inequality gaps in the world, and it’s about to grow even larger under Trump’s proposed tax plan.
The king of the loopholes wants to slash the corporate tax rate from 35% to 15% and apply that rate to “pass-throughs,” guaranteeing that his nearly 500 businesses would benefit—to the tune of $65 million per year, according to some estimates. Of course it would also fatten the take of daughter Ivanka and son-in-law Jared Kushner, whose 200-plus businesses are worth approximately $740 million.