Trump is doing this to help himself. I read somewhere that he got hit pretty bad on AMT recently.
Trump is doing this to help himself. I read somewhere that he got hit pretty bad on AMT recently.
Trump reducing the AMT for himself seems somewhat unlikely, because:
= The plan(s) are written by the House and Senate, not the administration.
- he doesn't seem to have given any relevant input to these tax plans except asking for lower corporate tax rate (which he hot only partially)
- AMT has so many opponents among Republican donors, Trump just doesn't need to get involved.
- Trump was hit by AMT because he had large losses that are deductible over a certain number of years. Don't remember the number, but I seem to remember they have run out by now. He'd need a new bankruptcy to keep going. And no, morally doesn't count.
- I'm not sure if he is still motivated by money as much as he used to be. It seems to always have been a plot to get recognition by Manhattan's elites, and therefore would have been eclipsed by his other failed attempt, namely politics.
This made me chuckle. You're basically telling people to not do what you just did.