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Trump plan helps Trump

Recently, President Trump’s “Biggest Individual and Business Tax Cut in American History” was released on a simple one page sheet.

Rather than looking at how it would effect the average taxpayer, let’s see how it would effect Trump. On his 2005 return Trump paid $38 million. Of that, $31 million was due to the alternative minimum tax, which his tax plan would eliminate. To me, a tax cut of $31 million is a lot of money. For someone in the middle class in 2005, it would be 800 times an annual income or over 20 times what we could expect to make in a lifetime. But, to Trump, assuming he really is worth $11 billion, it is de minimis. Not much more than the fine for his Trump University scam.

Trump’s proposal also eliminates the 3.8 percent Affordable Care Acts Medicare tax, the tax on foreign profits of U.S. corporations and the estate tax, which only largest 0.2 percent of estates.

Now, how could these be conflicts of interest?

Rosemarie Bisiar

Greenacres

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