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25 juillet 2023 - 17:33
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Trump's plan to cut his own taxes
The proposed budgets in Congress will make Trump even richer.
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The Trump Organization is the 48th-largest private company in the US, and brought in $9.5 billion in revenue in 2016. But the Trump Organization doesn't pay taxes like a big corporation. It's a special kind of entity called a "pass-through" business.
The designation was originally for small-business owners to bypass corporate taxes and only pay the individual tax rate. Now huge corporations are also taking advantage.
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