Donald Trump’s Tax Plan Would Eliminate The Estate Tax. “No family will have to pay the death tax. You earned and saved that money for your family, not the government. You paid taxes on it when you earned it.... The death tax punishes families for achieving the American dream. Therefore, the Trump plan eliminates the death tax.” [Donald J. Trump For President, Tax Reform That Will Make America Great Again, 9/28/15] Donald Trump’s Tax Plan Would Cut The Corporate Tax Rate To 15%. “No business of any size, from a Fortune 500 to a mom and pop shop to a freelancer living job to job, will pay more than 15% of their business income in taxes…. Under the Trump plan, America will compete with the world and win by cutting the corporate tax rate to 15%, taking our rate from one of the worst to one of the best.” [Donald J. Trump For President, Tax Reform That Will Make America Great Again, 9/28/15] Donald Trump’s Tax Plan Would Cut Taxes On Capital Gains. “The top capital gains rate would be cut to 20 percent from 23.8 percent, through the elimination of Obamacare's 3.8 percent surtax. The first 15 percent capital gains rate would kick in at $100,000 for couples, not the current $74,900. But the 20 percent rate would kick in a little earlier: $300,000, not $464,850.” [Vox, 9/28/15] Citizens For Tax Justice: The Top 1% Wealthiest Americans Would Get 34 Percent Of Trump’s Tax Cuts. “Now, there are three things to know about Trump's tax plan…. The second is, well, did I mention it would help the rich the most? The liberal Citizens for Tax Justice calculates that the top 1 percent would get 34 percent of Trump's total tax cut. That is actually what passes for egalitarian among Republicans—Jeb would give 53 percent of his tax cuts to our country's most exclusive centile—but it's still a bigger giveaway than anybody else's because Trump's tax cuts are bigger too.” [Wonkblog, Washington Post, 10/2/15] Politico’s Danny Vinik: “Who Would Be The Winners Of The Trump Tax Plan? The Rich.” “Who would be the winners of the Trump tax plan? The rich. The top tax rate falling from 39.6 percent to 25 percent will give them a huge windfall, as will eliminating the AMT, the estate tax for their heirs, and the Obamacare surtax on capital gains and dividends. The huge cut in the corporate income tax will also benefit the well-off.” [Danny Vinik, Politico, 9/28/15] TRUMP’S TAX PLAN WOULD BENEFIT PEOPLE JUST LIKE HIM Headline: “Trump’s Tax Plan Could Cost $12 Trillion, And Save Him Millions In Taxes Each Year.” [Time, 9/29/15] Citizens For Tax Justice: The Top 1% Wealthiest Americans Would Get 34 Percent Of Trump’s Tax Cuts. “Now, there are three things to know about Trump's tax plan…. The second is, well, did I mention it would help the rich the most? The liberal Citizens for Tax Justice calculates that the top 1 percent would get 34 percent of Trump's total tax cut. That is actually what passes for egalitarian among Republicans—Jeb would give 53 percent of his tax cuts to our country's most exclusive centile—but it's still a bigger giveaway than anybody else's because Trump's tax cuts are bigger too.” [Wonkblog, Washington Post, 10/2/15] Politico’s Danny Vinik: Under Trump’s Tax Plan, The Weather Get A “Huge Windfall.” “Who would be the winners of the Trump tax plan? The rich. The top tax rate Confidential Page 49
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