Trump's tax cut is a big payday for his family: Heirs stand to save $600 million

While promoting his tax plan, President Donald Trump said: “I am doing the right thing, and it’s not good for me. Believe me.” Contrary to Trump’s statement, however, his plan would be very good for him – at least financially. The newly released GOP tax plan, largely shaped by Trump’s advisers, calls for repealing the estate tax after six years. That, alone, would save Trump’s heirs close to $600 million. Put in perspective, that would be equal to the combined net worth of 6,000 U.S. families of a median net worth, according to data the Federal Reserve recently released.

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