‘Trump Accounts,’ explained.

A number of CEOs are throwing support behind the Republicanbacked Trump accounts. Under the tax plan, the federal government would deposit $1,000 in a tax advantaged investment account for each child born from the beginning of 2025 through the end of 2028. After that initial $1,000, families and others can contribute up to $5,000 per year.The money would grow tax-free as long as it's invested in a broad stock index. When withdrawn, investment returns will be taxed as long-term capital gains, but only if use ...