The Trump admin is considering higher taxes on the rich - report ...Middle East

There isn't much here as it says "some White House officials believe" it would be a good idea. Note that this would have to get through Congress and it would take the top rate to 39.6% from 37% and also lower the threshold for when that kicks in.

Aside from the obvious political problems in raising taxes for the rich, I can't understand how removing taxes on tips might work as it presents an infinite number of loopholes.

This article was written by Adam Button at www.forexlive.com.

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