Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

Robert Reich

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

What do you think?


Source

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

Robert Reich

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

What do you think?


Source

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

Robert Reich

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

What do you think?


Source

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

Robert Reich

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

What do you think?


Source

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

Robert Reich

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

What do you think?


Source

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

Robert Reich

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

What do you think?


Source

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

Robert Reich

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

What do you think?


Source

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

Robert Reich

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

What do you think?


Source

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

Robert Reich

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

What do you think?


Source

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

Robert Reich

Corporations are people, according to Mitt Romney and Republican Supreme Court appointees. But if Trump’s tax plan becomes law, in the future a lot of very wealthy people will become corporations.

The highest marginal tax rate paid on individual income (now 39.6 percent, 35 percent under the Trump plan) is far higher than the 15 percent tax Trump proposes for businesses.

So many high earners can be expected to turn themselves into businesses, and have their income passed through to them at the 15 percent rate. Presto.

It’s a loophole tailor-made for partners in hedge funds, private-equity, and real estate (think Trump), but almost any rich person with a clever accountant and tax attorney will be able to take advantage of it.

Which will require that everyone else pays more taxes to make up the difference – or we don’t have enough money for schools, roads, national defense, health care, and Social Security.

It’s anyone’s guess whether Trump’s tax cut plan will get through Congress, but never underestimate the dependence of members of Congress on their wealthy patrons.

What do you think?


Source