For Immediate Release
Triump Likely To Benefit By At Least $11 Million Per Year From Trump-GOP Tax Bill
WASHINGTON - Despite his false claim that his tax plan would “cost me a fortune,” new analysis by Americans for Tax Fairness shows that Donald Trump will benefit enormously from his tax plan.
Trump’s exact tax savings are difficult to estimate since he has refused to release his tax returns unlike every other president over the last 40 years—but it is likely to be at least $11 million a year and perhaps as much as $22 million.
In making this calculation, Americans for Tax Fairness examined several ways in which Trump will benefit, including:
- Individual tax rate
- Corporate tax rate
- Pass-through tax rate
- Estate tax
- Real estate loopholes
See the complete analysis here (PDF): https://americansfortaxfairness.org/wp-content/uploads/How-Trump-Benefits-from-the-Trump-GOP-Tax-Law-12-22-17-FINAL.pdf
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Americans for Tax Fairness (ATF) is a diverse campaign of more than 425 national, state and local endorsing organizations united in support of a fair tax system that works for all Americans. It has come together based on the belief that the country needs comprehensive, progressive tax reform that results in greater revenue to meet our growing needs. This requires big corporations and the wealthy to pay their fair share in taxes, not to live by their own set of rules.