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The Phenomenal New Trump Tax Plan Version 1.0

by Phil DeMuth | Mar 20, 2017   ()

No kidding – the new Trump Tax plan is going to be huge, especially if it really happens. What is contemplated is nothing less than a shift from an income-based tax to a consumption-based tax, the kind widely preferred by economists. When finalized, it will combine business + individual + estate taxes into a ball and roll it right down the National Mall towards Congress.

Now known as the Brady plan, it is a work in progress dating back to the Bush administration and before. I will not bother addressing the corporate tax part here, since I don’t understand it. Let’s focus on the important part: you and me.

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Source: Forbes
Source: Forbes

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