WASHINGTON (AP) — For America’s wealthiest families, the presidential campaign presents a stark choice.
A big tax increase — if Hillary Clinton wins the election.
A big tax cut — if Donald Trump wins.
And what about everyone else? Right now, neither candidate is proposing major tax changes.
Tax policy is one of the areas where the two nominees differ most.
Their approaches are likely to draw new attention in the wake of a New York Times report that Trump’s nearly $916 million in losses in 1995 means Trump may not have paid federal income taxes for as many as 18 years.
The paper reported receiving tax records anonymously.