Trump Taxes Hurt
Trump Says Tax Reform Will Hurt Him. President Donald Trump has claimed the tax reform bill will hurt him. But White House press secretary Sarah Huckabee Sanders admitted it "could" help his business interests. Business Insider sifted through Trump's financial disclosure report to find out more about how much money he earns — and how he makes it.
Trump Tax Brackets: Will My Tax Rate Change?. As you can see, the biggest changes under the new Trump tax plan come for those in the middle of the chart. A married couple whose total income minus deductions is $250,000, for instance, would have had a tax rate of up to 33% in 2017. For 2018, their highest tax rate is just 24%. That leads to a fairly significant difference in take-home pay.
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Elites Said The Trump Tax Cuts Would Hurt Charities. It. Elites Said The Trump Tax Cuts Would Hurt Charities. It Was The Opposite Another shibboleth of the smart crowd opposing the Trump-GOP tax cuts — namely, that the doubling of the standard deduction would result in a decline in charitable giving by Americans — is now proven wrong.
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