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Trump Tax Proposal And Art Of The Deal

It looks to me like the essence of the plan is to reduce as far as possible the taxes paid by people whose income is derived from capital, particularly when you include repeal of the estate tax.  If you think we have income and wealth inequality now, give it a decade or so under this new regime.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.