7 ways rich people could benefit from Trump's new tax plan

Advertisement
7 ways rich people could benefit from Trump's new tax plan

wealthy

Harry Trump/Getty

Advertisement
  • The House GOP's proposed tax reform bill will give a boost to the wealthiest in the country.
  • Repealing the estate tax and the alternative minimum tax (AMT) are just two of the ways rich Americans could benefit.
  • Meanwhile, the typical American family will get a tax cut of $1,182.

House Republican leaders want Americans to know that tax reform is for middle-income earners, noting that the typical American family will get a tax cut of $1,182.

But the GOP's tax reform proposal also gives a few boosts to the wealthiest in the country, including the proposed repeals of the estate tax and the alternative minimum tax (AMT).

Business Insider outlined seven different perks for the wealthy from the House Republicans' bill below.

Advertisement