Their total tax liability is $30 million, “fifteen hundredths of 1 percent of the total estate tax revenue,” according to the Tax Policy Center. Under his plan, Mr. Trump said, less income would be subject to taxation. The relevant pass-through tax rate for any other country is always its individual income tax rate for business income, said Wei Cui, an expert in international tax law at the University of British Columbia. Similarly, limited partners in Ireland are subject to a top income tax rate of 48 percent. personal income tax rates are at the bottom end of O.E.C.D.

Source: New York Times September 28, 2017 00:00 UTC