Julio3000
<B>A Chip Off the Old Rock</B>
There's a lot of fluff on top of this tax plan to appeal to middle-income tax payers (doubling the standard deduction, lowering the income tax rate, etc.). It's hard not to get the suspicion that this was done to mask the provision to allow pass-through firms/partnerships (which include real estate entities similar to Trump's) to be taxed at the corporate tax rate of 15%, instead of at the individual tax rate. I can see how this loophole will be exploited by lawyers/doctors/consultants/etc. to reclassify their earnings so that they can pay the corp. tax rate instead of the individual tax rate.
This is going to be very decisive and the calls for Trump to release his tax returns are only going to get louder and louder.
Always. Got to sell it to the middle class, like W did. It's a con.