Donald Trump has released his tax plan, if not his taxes. And yes, the two are related. Several elements of the plan stick out for the audacious manner in which they benefit Trump and his children while at the same time destroying what remains of our nation's solvency. We should not be surprised. Trump is trying to run the nation like he runs his businesses. We should all be deeply concerned.
By proposing to eliminate the alternative minimum tax and reducing his effective tax rate to 15% through changes to the corporate tax rate (he currently pays taxes-if and when he pays taxes-as an individual, not a corporation, but that would change under his proposal), Trump stands to gain billions in lower tax rates. By eliminating the inheritance tax (deceptively called the "death tax" by Republicans) Trump's children stand to inherit billions more than they otherwise would. These changes target the top 0.1% of taxpayers more than anyone else. So much for being a populist.
Trump's tax proposal has no realistic source of revenue or spending cut to balance it out. It would, if passed in its current form, balloon the deficit to catastrophic levels. Our nation's very solvency would be at risk. Future generations would pay dearly for Trump's kickback to himself and his billionaire buddies.
Trump, lining his pockets and then declaring bankruptcy and walking away leaving others to hold the bag should not surprise us. It's how he runs his businesses and, apparently, it's how he plans to ruin our nation. (S)