10 Highest Income Tax States For 2016REPUBLICANS in the House of Representatives are inadvertently setting a nasty political and economic trap for Donald Trump. Yes, it’s the Republicans, not the Democrats, who are ready to administer an unnecessary black eye to the new President. The vehicle for this unwitting GOP punch is a new exaction called the border adjustability tax. Another feature of this bizarre GOP scheme gives exporters a gargantuan tax break by, in effect, not taxing their export revenues. Instead of a $1 million profit, the corporation, for tax purposes, would have a $4 million loss.

Source: Forbes January 11, 2017 16:41 UTC