I totally beg to differ and this is just my opinion but I think Trump’s claim that the plan isn’t good for him but if you really think about it. Details of Trumps 2005 tax return leaked in March showed he would have actually saved up to $31.3 million if it weren’t for the alternative minimum tax. If you are unfamiliar is with what the Alternative Minimum Tax (ATM) its the alternative method for finding your tax liability. Yes that’s strange its should be one way to find a number. If you are a person of wealth then the IRS uses this method because they don’t want people who have racks on racks on racks and some taking the deductions and writing off every single thing possible. The AMT is there to take away some of the normal deductions, so those who earn more income pay more taxes.
I’m sure he missed that 31.1 million is missed out on due to the AMT ‚which his plan aims to abolish with this new reform that is not for him. Meanwhile, back at the ranch because we all know children are our future. Knowing one day we can’t be there for our kids we try best as we can to get them ready for life, and make sure ok when we leave this earth. Trump is doing just that the estate tax would one day mean a much prettier inheritance for his offspring TAX FREE.
PRESIDENT LOOKING OUT FOR COUNTRY OR BUSINESS MAN WITH A GOAL AND A MISSION TO ACCOMPLISH AND ANOTHER FAKE PROMISE.