Trump’s next tax scam

The Trump administration is mulling a unilateral $100bn tax cut for the wealthy, potentially wielding Treasury's regulatory powers if Congress doesn't act on capital gains, w/ @jimtankersley. https://t.co/8MQOmHGROb

— Alan Rappeport (@arappeport) July 30, 2018

🚨 77% of cap gains tax is paid by people making more than $1 million

🚨 96% of households making under $100k have ZERO cap gains

🚨72% of all taxable cap gain goes to the richest 1%

🚨The tax rich people pay on cap gains is already 10 points lower than regular income. https://t.co/IMK8CKxD8k

— Michael Linden (@MichaelSLinden) July 30, 2018