canada goose From private school tax breaks to bigger inheritances, 7 ways rich people win big if tax reform passes Elena Holodny Dec. 2, 2017, 11:17 AM It’s a win for the wealthy, including President Donald Trump.Thomas Peter/APThe 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. Since the House tax plan was first presented, Republican leaders have said that tax reform is for middle-income earners, highlighting the fact that a typical American family will get a tax cut of $1 Canada Goose outlet store outletcanadagoose.biz ,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). The House voted to pass their 429-page GOP tax plan, called the Tax Cuts and Jobs Act, in November. And early Saturday, the Senate passed their own version of tax reform legislation. Republican leaders are likely headed to a conference committee to combine the separate plans into a final tax reform bill. Business Insider outlined seven different perks for the wealthy from the House Republicans’ bill below. 1/ Higher-income taxpayers will get the largest tax cuts. Chip Somodevilla/Getty Images The House GOP’s legislation would reduce taxes on average for all income groups in 2018 as well as ten years from now, but higher-income households would get the largest cuts
