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In One Chart: In one chart: Here’s how much you can expect to gain from Trump’s tax plan

There are plenty of unknowns about the tax framework released this week by the Trump administration and top congressional Republicans. But an early look at how the proposed cuts could be distributed shows that it’s the wealthy who’d stand to gain the most.

Ernie Tedeschi, a private-sector economist who formerly worked at the U.S. Treasury in the Obama administration, took a stab at the plan and came up with the chart above. He told MarketWatch he made several assumptions, including that the child tax credit is doubled; that those currently in the 10% and 15% bracket would fall under the new 12% bracket; and that the lower corporate rate would benefit capital income more than labor income.

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