Trump’s Capital Gains Cut Will Benefit the Uber Wealthy

Wholesale Direct Metals reviews the latest market data. A move being contemplated by the Trump administration to let Americans account for inflation in determining their capital gains tax liabilities would overwhelmingly benefit the wealthy. A study released in the spring from the University of Pennsylvania’s business school shows the top 0.1% of earners, in particular, would reap more than 60% of the tax cut, according to the school’s model. The middle class, by contrast, gets a mere 0.1%. This activity is significant in light of the latest reports filed by Wholesale Direct Metals.