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Republican Rewrite of US Taxcode
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<blockquote data-quote="BrownArmy" data-source="post: 3232172" data-attributes="member: 18225"><p><a href="https://www.nytimes.com/2017/12/02/opinion/editorials/a-historic-tax-heist.html?action=click&pgtype=Homepage&clickSource=story-heading&module=opinion-c-col-left-region&region=opinion-c-col-left-region&WT.nav=opinion-c-col-left-region&_r=0" target="_blank"><span style="font-size: 15px"><strong>A Historic Tax Heist</strong></span></a></p><p></p><p></p><p><em>...For his part, Mr. Trump has repeatedly asserted with a straight face that the tax bill <a href="https://www.nytimes.com/2017/11/30/business/trump-benefit-tax-cuts.html" target="_blank">would hurt him</a>. In fact, it will give him and his family a windfall. That’s because the Senate bill will provide a generous tax break for income that people earn through limited liability corporations, partnerships and other so-called pass-through businesses that do not pay taxes before passing on profits to owners. Under the Senate bill, the president will be able to claim a 23 percent deduction on profits he earns through his more than 500 pass-through businesses...</em></p></blockquote><p></p>
[QUOTE="BrownArmy, post: 3232172, member: 18225"] [URL='https://www.nytimes.com/2017/12/02/opinion/editorials/a-historic-tax-heist.html?action=click&pgtype=Homepage&clickSource=story-heading&module=opinion-c-col-left-region®ion=opinion-c-col-left-region&WT.nav=opinion-c-col-left-region&_r=0'][SIZE=4][B]A Historic Tax Heist[/B][/SIZE][/URL] [I]...For his part, Mr. Trump has repeatedly asserted with a straight face that the tax bill [URL='https://www.nytimes.com/2017/11/30/business/trump-benefit-tax-cuts.html']would hurt him[/URL]. In fact, it will give him and his family a windfall. That’s because the Senate bill will provide a generous tax break for income that people earn through limited liability corporations, partnerships and other so-called pass-through businesses that do not pay taxes before passing on profits to owners. Under the Senate bill, the president will be able to claim a 23 percent deduction on profits he earns through his more than 500 pass-through businesses...[/I] [/QUOTE]
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