The tax plan the Trump administration released Wednesday consists (so far) of a single page of bullet points. If this were a more rounded plan, we could wait for the tax wonks at various think tanks to run it through their models and tell with some precision how it would affect people at different income levels and who would benefit from different deductions.
Winners
Businesses with high tax rates: The plan would cut the 35% corporate income tax to 15%
High-income earners: The plan would reduce the top rate on individual income tax — now 39.6% for income over around $470,000 for a