Taxes Under Trump: Almost Everyone Pays Less and the Richest Pay a Lot Less
Nearly half the benefits of the plan, and a higher proportion of savings, would go to the top 1%
.. The group, which consists of about 1.1 million households and earns 17% of total income, would owe 25% of federal taxes for 2017 under Trump’s plan compared with 28.7% under current law... nearly half the benefits of Mr. Trump’s tax plan would go to the top 1%, households earning more than about $700,000 annually... high earners are often more able than lower earners to reap long-term capital-gain income, which is now taxed at a top rate of 23.8%. Under current law, 78% of long-term gains go to those in the top 1%.