TAX REFORM WILL 'COST ME A FORTUNE' Tax reform
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Posted On: 09/03/2018 11:23:36 AM
TAX REFORM WILL 'COST ME A FORTUNE'
Tax reform “is going to cost me a fortune — this thing, believe me, believe me, this is not good for me,” the president told a Missouri crowd on Nov. 29.
This is false. An NBC News analysis of the House tax plan — the only piece of tax-related legislation that had passed in Congress at the time of Trump's statement — found that it would personally save the president $20 million. His family was estimated to save more than $1 billion based on his reported wealth and his 2005 tax return, the only publicly available return.
Tax reform “is going to cost me a fortune — this thing, believe me, believe me, this is not good for me,” the president told a Missouri crowd on Nov. 29.
This is false. An NBC News analysis of the House tax plan — the only piece of tax-related legislation that had passed in Congress at the time of Trump's statement — found that it would personally save the president $20 million. His family was estimated to save more than $1 billion based on his reported wealth and his 2005 tax return, the only publicly available return.
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