The Winners and Losers in the Tax Bill

The Winners and Losers in the Tax Bill
BIG CORPORATIONS Industries like big retailers will benefit from the new corporate rate
of 21 percent, since those companies pay relatively close to the full 35 percent rate.
Mr. Trump, along with his son-in-law Jared Kushner, who is part owner of his own real estate firm, will benefit from lower taxes on so-called “pass through” income, which is money earned by partnerships
and other types of businesses whose income is passed through to its owner and taxed at the individual tax rate.
That’s far lower than the current 35 percent tax rate on corporate profits and even lower than the new 21 percent rate.
The benefits of lower rates on pass-through income will extend to Mr. Trump and Mr. Kushner’s partners at real estate investment trusts as well.
Real estate developers and technology companies could see big tax cuts, while low-income households and people buying health insurance could lose out.
INDIVIDUAL TAXPAYERS IN THE FUTURE To stay under the $1.5 trillion limit for new deficits lawmakers set for themselves, they opted to make the cuts for individuals
and families temporary, expiring at the end of 2025 — even as the corporate tax cuts will be permanent.