How Trump Would Benefit from His Own Tax Plan

NBC News: “The clearest windfall comes from ending the estate tax, which only affects individual estates larger than $5.49 million and $11 million for couples. The estate tax is currently 40 percent. Trump has claimed in the past he is worth $10 billion. If his children inherit that amount, they’d save $4 billion in taxes.”

“In addition to a lower top rate on income tax, the proposal ends the Alternative Minimum Tax, which is designed to prevent wealthy filers from using deductions to wipe out their tax bill entirely. Trump has not released his taxes, but a leaked return from 2005 showed he paid $38 million in taxes on $150 million in income, $31 million of which was due to the AMT.”