The Winners and Losers in the Tax Bill<br />BIG CORPORATIONS Industries like big retailers will benefit from the new corporate rate<br />of 21 percent, since those companies pay relatively close to the full 35 percent rate.<br />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<br />and other types of businesses whose income is passed through to its owner and taxed at the individual tax rate.<br />That’s far lower than the current 35 percent tax rate on corporate profits and even lower than the new 21 percent rate.<br />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.<br />Real estate developers and technology companies could see big tax cuts, while low-income households and people buying health insurance could lose out.<br />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<br />and families temporary, expiring at the end of 2025 — even as the corporate tax cuts will be permanent.
