Pass-through income has made the rich even richer.
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By Alvin Chang And Javier Zarracina
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We don't know much about Trump's taxes, but we do know he uses a special loophole called a "pass through" to avoid paying millions. The accounting trick allows corporate executives to turn themselves into businesses, and have their income passed through to them at a lower rate. Presto.
Trump's tax plan would lower the pass through rates even further, making him even richer at the expense of the American people.
President Trump’s plan to change the tax code would also make himself much, much richer. Here’s how it works:
