Shocking: Tax bill benefits the rich

One of the giveaways to millionaires and billionaires in the Trump tax bill allows shareholders in Subchapter S corporations, also known as “pass-throughs” (because the income passes through the corporation to the shareholder’s income tax return, instead of being taxed separately at the corporate level) to only pay tax on 80% of that income. Not only is this a giveaway to the wealthiest among us, but it will also likely benefit President Trump enormously, as the many entities that fall under the umbrella of The Trump Organization are likely pass-through corporations.

But, another lucrative loophole, one designed precisely for businesses that are organized as pass-throughs and make money abroad, has largely escaped notice. President Trump has numerous foreign-based entities, such as DJ Aerospace Limited incorporated in Bermuda, Turnberry Scotland LLC incorporated in Turnberry, Scotland, TIGL Ireland Enterprises Limited incorporated in Doonbeg, Ireland, and THC Barra Hotelaria TLDA incorporated in Brazil, are likely Subchapter S Corporations, which means that this loophole will almost certainly directly benefit him.

This new loophole allows shareholders of pass-through entities to pay zero tax indefinitely on their foreign income.

  CREW

And that pass-through bullshit - that's fucked up.

...but hey, do what you want...you will anyway.