The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says
Briefly

Trump's tax proposals could lead to an average tax cut of about $36,300 for the richest 1% and increase taxes for the lowest-income quintile by $800.
“It would be a dramatic shift of the burden from the top down to the middle and the bottom,” Ernie Tedeschi stated, reflecting on the uneven impacts of Trump's tax plan.
The expiration of Trump's 2017 tax cuts creates a significant point of contention for the upcoming election, influencing how tax policy may evolve.
With the economy at the forefront of voters' minds, the debate over tax cuts and tariffs is likely to shape the electoral landscape significantly.
Read at Business Insider
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