I believe Trump has already presented his tax plan, I wonder if anything will change.... but based on what he has articulated in the past, here it is:
4 brackets; 1-5-10-15%; kill death tax & corporate tax
My 5-part tax plan involves reforming the income tax. The government confiscates way too much of your paycheck. The tax code is also a very complicated system that forces Americans to waste 6.1 billion hours a year trying to figure it out.
What does that tell you? It tells me that it’s time we restore simplicity & sanity to the income tax. Here’s my income tax plan:
Up to $30,000, you pay 1%
From $30,000 to $100,000, you pay 5%
From $100,000 to $1 million, you pay 10%
On $1 million or above, you pay 15%
No other special deductions which will complicate the code.
It’s clear and fair. Best of all, it can be filled out on the back of a postcard and will save Americans big bucks on accountants and massive amounts of time wasted attempting to decipher the tax code.
Our country is hungry for real tax reform. That’s why we should implement the 1-5-10-15 income tax plan. And we need to enact [the rest of] my 5-part tax policy: kill the death tax; lower the tax on capital gains & dividends; eliminate corporate taxes; and a 20% import tax.
I'm hoping that his detailed plan will include estimates as to the money that will be raised. Will it be revenue neutral? Bring in more? Bring in less? I have to believe that Trump has done the work to have evidence for one outcome or another. Let people see.
But will he have the balls to abolish the IRS and send those gdamn traitors to jail?
Doubtful, but revising the code is a start I guess.