Under new GOP bill, multimillionaires could dodge the 39.6% tax rate floated by Trump

Republicans’ tax bill includes ‘a backdoor way to not cut taxes as much,’ says one tax expert

May 12, 2025 - 23:07
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Under new GOP bill, multimillionaires could dodge the 39.6% tax rate floated by Trump
Republicans’ tax bill includes ‘a backdoor way to not cut taxes as much,’ says one tax expert