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The National Debt Is Barreling Toward $50 Trillion. Now Trump May Give Out Massive Tax Cuts to the 1%
['Rich Duprey', 'Wed', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Quick ReadThe national debt grows $1.8 trillion per year, putting $50 trillion within arithmetic reach as Trump pushes a capital gains tax cut.
The top 1% captures between 50 and 70 percent of all capital gains, making inflation indexing a benefit concentrated almost entirely among the wealthiest households.
The proposal could add $950 billion to debt by 2035, yet most middle-class equity sits inside 401(k)s where capital gains indexing never applies.
At that pace, $50 trillion isn't a distant hypothetical -- it's arithmetic.
Meanwhile, the bottom 80% of the income distribution realizes only a small single-digit share of all capital gains, and many middle-income households report none at all in a typical year.