Free vector graphic: Money Bag, Dollar Sign, Currency - Free Image ...614 ├-- 720 - 68k - png
(Image by pixabay.com) Details DMCA
'Using public financial disclosures, this column attempts to gauge the size of the windfall that Trump & his Cabinet will receive from just 2 of the major tax cuts benefitting the wealthy in his plan, that the GOP is selling as a small-business tax cut, but is actually a huge new loophole for corporations and the 'passthrough' businesses of millionaires & billionaires, such as: Donald Trump (whose Organization gets $10 billion annually from more than 500 entities that are structured as 'passthroughs' for federal tax purposes; Betsy DeVos who owns Amway ( which reported $8.8 billion in sales in 2016); & Jared Kushner who received $172 million in passthrough income in 2016. It gives nothing to the vast majority of small businesses. Also, this tax plan eliminates the estate tax, giving a $240 billion windfall to the wealthiest people in America.'