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re: Trump tells his friends they just got a lot richer after tax bill
Posted on 12/24/17 at 6:52 pm to DirtyMike
Posted on 12/24/17 at 6:52 pm to DirtyMike
quote:Not a chance in hell that was in context, if the statement was made at all.
Trump tells his friends they just got a lot richer after tax bill
How do I know? Because at incomes above $1M/yr, with deduction scale backs and AMT preserved, folks will pay more tax, not less. E.g., sans AMT changes, we'll be paying more.
Now it's very possible Trump was talking economic growth, business opportunity and market performance. That's an environment where increased taxes are counterbalanced with even higher earnings. It's a win-win-win.
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