Red Kosher Nostra
Trump's proposed TAX changes will not help the average American.
Taxpayers in the top 1 per cent (incomes above $730,000) will see their after-tax income increase an average of 8.5 per cent.
Those in the top 0.1 per cent will gain by 10.2 per cent.
Taxpayers in the bottom 95 per cent of the income distribution will see average after-tax incomes increase by about 0.5 per cent.
The proposals will lower federal revenues by $2.4tn over the first 10 years.
There are to be $2.6tn in cuts in taxation of corporations.
According to the US Treasury, some $2.5tn in profits of US-owned subsidiaries is parked abroad.
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