[LS]

I think it's going to be the tax equivalent of the basketball "box and one," that is, a more or less flatter tax across all the lower brackets ("1-5-15") and a higher one at the highest bracket, with specific "loophole closings" for the "hedge fund guys" and the carried interest.

Kind of a modified Laffer plan.

But someone MUST address the offshore $$ caused by the higher corporate tax rates (highest in the world). If he does that, he would simultaneously bring in $2 TRILLION that could be applied to debt, and rejuvenate American business.

[taildragger]

"But someone MUST address the offshore $$ caused by the higher corporate tax rates (highest in the world). If he does that, he would simultaneously bring in $2 TRILLION that could be applied to debt, and rejuvenate American business."

I'd bite on the 1-5-15, but a 15-15-15 for Dividends, Capital Gains and a Flat Business Tax ( no deductions and yes I haven't figured out depletion ) would have Capital flocking back here so fast it would make you heads spin.

Just think of all the lawyers and tax gurus that can be purged from the Corporate and Federal level when it come to this idea of a Flat Business Tax...

I have posted it a number of times and I bet they lurk here or thought of it themselves, it is not rocket-science. It will be interesting to see if I or others here are close with their predictions of what it might be...

[MichaelCorleone]

Two trillion is a lot of money.

Well, DT did say he was going to bring money back into this country, so what you’re outlining may eventually become part of the plan.

Also, the current tax code is so vast and so complex, it’s impossible to make corrections without taking something away from someone. And this is exactly why it’s critical that Trump answers to no one, except We the People.

This is his attraction (among other things) that the Establishment sellouts can’t seem to comprehend.

[RoosterRedux]

He has said repeatedly that he wants to eliminate the tax on corporations entirely.

We'll find out tomorrow if he is sticking with that.

I am also curious to see if there is a transition period or if it will be just BOOM.

Whatever he says, I expect it to be revolutionary.