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TAX REFORM WORK BY PRESIDENT OR DONE FOR BUSINESS MAN TRUMP

           I’m  sure I’m not the only one who sat there reading or watching, thinking he is a business genius. Maybe it’s just me and I have a certain attitude due to lack of promises met, For the  massive contradictions, or his child like outburst and behavior.

 

can call me all they want. It’s not going to help. I’m doing the right thing, and it’s not good for me. Believe me” -trump

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.