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Analyst: Trump's Estate-Tax Plan Would Give $7B to His Family

Image: Analyst: Trump's Estate-Tax Plan Would Give $7B to His Family
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By    |   Thursday, 21 Jul 2016 11:49 AM

Donald Trump's proposal to eliminate the federal estate tax would provide his own family with a $7.1 billion windfall, according to moderate Democratic think tank.

The GOP presidential nominee, in releasing his tax plan last September, declared it would "cost me a fortune." However, Third Way says its analysis shows otherwise.

"The staggeringly high value of the tax cut for the Trump dynasty alone carries the same price tag as multiple high-value national priorities," its analysis states, including for education and cancer research.

Trump's initial plan was blasted for expanding the deficit by an estimated $10 trillion in a decade, and though Trump and his economic adviser are working on revisions, they haven't explicitly said they're targeting the estate tax, The Hill reports.

The think tank came up with the $7.1 billion figure by estimating that Trump's estate would be valued at $17.7 billion in 2030, the year actuarial tables estimate the real estate mogul's family would inherit the money.

Third Way calculated that Trump's estate, minus an exemption for $15 million of it, would be subject to a 40-percent tax if the estate tax is not repealed.

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Donald Trump's proposal to eliminate the federal estate tax would provide his own family with a $7.1 billion windfall, according to moderate Democratic think tank.
trump, billion dollar, windfall, estate-tax, plan, analyst
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2016-49-21
Thursday, 21 Jul 2016 11:49 AM
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