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Mother Jones @MotherJones
, 7 tweets, 3 min read Read on Twitter
1/ The Republican tax bill would disproportionately benefit the richest people in America—through drastic changes to the estate tax. And yes, it could help the Trump family. bit.ly/2j8NSAx
2/ The estate tax, FYI, is the tax on real estate and other assets passed down by someone after they die. The bills propose doubling exemptions, and in one version, eliminating the estate tax altogether.
3/ With @4TaxFairness’s help, we crunched the numbers on how America’s richest families could benefit.
4/ Sheldon Adelson—who is worth more than $38 billion—and his family, for example, could save a ton.
5/ And the Koch brothers’ heirs of course.
6/ Trump’s kids could save an estimated 1.24 billion in estate taxes:
7/7 Read @kateharloe's full story to see how we did our calculations and who else could benefit: bit.ly/2j8NSAx
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