This cartoon explains how the Republican tax bill makes Donald Trump richer
by Alvin Chang and Javier Zarracina at Vox
https://www.vox.com/policy-and-politics/2017/4/26/15324846/gop-tax-bill-pass-through-trump-cartoon
"SNIP.........
House Republicans have released their tax bill, and as expected it includes several massive tax cuts. Vox’s Dylan Matthews has an excellent explainer on the bill, but one of the changes is a cut that would directly benefit Donald Trump and other very wealthy business owners.
This cut is a change in how “pass-through” businesses are taxed. These are businesses that can bypass corporate taxes and instead pay taxes like individuals. It was designed to benefits small business owners.
But here’s the issue: The Trump Organization is a pass-through business — but it is not a small business. It owns hotels, resorts, golf courses, and much more; in fact, it’s the 48th-largest private company in the US, and brought in $9.5 billion in revenue last year. Yet the way the Trump Organization is structured makes its taxes very different than a typical corporation.
See cartoon
..........SNIP"
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