Mr. Trump's success at getting tax reform (or a "tax cut") through Congress is touted as a real accomplishment by his administration. Reducing the top individual rate from 39 percent to 35 percent is supposed to be good news to "the wealthy". Currently, there are more than 138 "tax havens" around the globe where wealthy individuals and businesses can avoid domestic taxes and pay less than a nickel on the dollar. All a person has to do is "incorporate" his assets and put his HQ in a "mailbox" in one of the tax havens, thusly avoiding just about all tax liability. Trump's new tax bill may sound good, on the surface, but it doesn't address the issue of pandemic tax avoidance. Tax lawyers are having bumper years and will continue to do so, while "the little guy" has "the wool pulled over".
Tom Heil, Panama City Beach