After President Trump announced he would cut the corporate tax rate from 35% to 15%, the rocket scientists at The Washington Post pontificated on whether his policies would benefit his business empire. Both Drew Harwell and Jonathan O’Connell opined that the Trump Organization, the conglomerate group that operates Trump’s real estate and licensing companies, would benefit from reducing the corporate tax rate.
The proposed pass-through rate cut could make a big impact on the Trump company’s bottom line. Pass-through businesses do not pay corporate taxes; instead, that income passes through to the owner’s personal income taxes, skipping the corporate-tax rate altogether.
.png)
.png)
