WhatFinger

You'll hear that he's "raising taxes," but for most of us, he's lowering them.

Trump's tax plan: Lower rates and a simpler structure, but is it enough?


I've been perusing Donald Trump's proposed changes to the federal tax code, and if you measure the proposal strictly by comparing it with the status quo, it's no contest. Trump's plan wins by several lengths of the galaxy. Of course, that's a pretty low bar. I've been saying since my own campaign four years ago that what we need to do is not reform the tax code but throw it out and start over. Trump's proposal doesn't do that. It's still a progressive code with rates that gradually rise as your income rises. But it does achieve a lot of the simplification that would free people up to stop obsessing over tax strategies and just focus on running their businesses and/or their lives. Here's a summary from Trump's campaign site:
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