Economics
Clinton Could Have Cut Her Tax Bill in Half Under Trump’s Plan
- Her proposals would have increased her tax by $224,000 or more
- Trump’s business-tax plan would mean savings for pass-throughs
Hillary Clinton: We’re Going After the Super Wealthy
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Democratic presidential nominee Hillary Clinton could have cut her 2015 federal tax bill roughly in half -- lopping about $1.7 million from what she owed -- under the plan offered by Republican rival Donald Trump.
Trump has pledged the biggest overhaul of the U.S. tax code since the 1980s, proposing cuts for individuals and businesses. His plan to slash tax rates on individuals’ business income to 15 percent -- from a current top rate of 39.6 percent -- would have benefited Clinton and her husband, former president Bill Clinton, according to accountants and tax specialists who reviewed the couple’s 2015 return.