Where Clinton and Trump stand on a real estate tax loophole

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Hillary Clinton would close a real estate tax loophole that may have sheltered Donald Trump from paying federal income tax for the past 18 years. Mr. Trump would lighten a business tax that effects hedge funds and private equity partnerships.

By David Iaconangelo | Christian Science Monitor

A new analysis of the tax policies proposed by the major-party presidential candidates finds that the two plans are worlds apart.

Republican presidential nominee Donald Trump’s plan would decrease tax revenues by $6.2 trillion over a decade, cutting taxes among the top 0.1 percent of incomes by almost $1.1 million on average, according to an analysis by the Urban-Brookings Tax Policy Center, while Democratic presidential nominee Hillary Clinton’s plan would raise revenue by $1.4 trillion, almost exclusively through new taxes on the wealthy.

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