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Donald Trump’s new tax plan could have a big winner: Donald Trump’s companies
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Candidate
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| Contributor | RP |
| Last Edited | RP Aug 12, 2016 12:49pm |
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| Category | Analysis |
| Author | Jim Tankersley |
| News Date | Wednesday, August 10, 2016 06:00:00 PM UTC0:0 |
| Description | A little-noticed provision in Donald Trump’s tax reform plan has the potential to deliver a large tax cut to companies in the Republican presidential nominee’s vast business empire, experts say.
Trump’s plan would dramatically reduce taxes on what is known in tax circles as “pass-through” entities, which do not pay corporate income taxes, but whose owners are taxed at individual rates on their share of profits. Those entities are the most common structure for small businesses and increasingly popular for larger ones as well. They are also a cornerstone of the Trump Organization. On his 2015 presidential financial disclosure report, Trump listed holdings of more than 200 limited liability corporations, which is a form of pass-through. |
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