Zero estate tax. 15% pass through. No AMT. Hard for that NOT to be a tax cut worth billions to the Trumps.https://twitter.com/JenniferJJacobs/status/858295075583008770 …
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Yes some middle class pay the AMT. But has personally hit Trump hard.
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Arguably Trump's tax plan replaces existing code with a modified AMT.
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In 2005, Trump paid $36M in federal income tax – of which $31M was b/c AMT. So w/o AMT, his taxes that year would have been cut by 85%.
End of conversation
New conversation -
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What is 'middle class' in the scenario where the AMT is 'hitting' them? 250000?
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