Trump's tax plan a new death tax for the middle class? | WHAT REALLY HAPPENED


Trump's tax plan a new death tax for the middle class?

The Trump tax reform plan calls for eliminating the estate tax. That’s a gift to the wealthiest Americans, who are virtually the only ones who pay it. But what makes this worse is something the plan doesn’t mention: President Trump and Congressional Republicans have also proposed eliminating the "stepped-up basis" on capital gains, which could amount to a new death tax on the middle class.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA