Are you one of the 72 Million Americans about to benefit from Trump’s new tax plan?
Donald Trump is presented his plan to cut taxes for millions of Americans and businesses, while shifting the tax burden to U.S. corporations overseas. The plan would eliminate income taxes for couples making $50,000 a year or less, or individuals making $25,000, and cap it for all Americans at 25 percent. Instead, Trump says he would levy a one-time tax on corporations based overseas, and remove tax deferrals from overseas income earned by corporations.
Donald Trump boasted Monday that his newly unveiled tax plan could supercharge the U.S. economy, pushing annual economic growth as high as 6%, as he upped the ante with Republican presidential rivals over the growth benefits from their competing proposals.
Other Republicans running for president—including former Florida Gov. Jeb Bush and New Jersey Gov. Chris Christie—predict their tax proposals and related regulatory rollbacks could generate 4% in annual economic growth.
In his plan, Mr. Trump is proposing that single people who earn less than $25,000 would pay no federal income tax, and instead of the standard forms they would file a one-page submission to the Internal Revenue Service stating “I win,”
http://nextnewsnetwork.com/are-you-one-of-the-72-million-americans-about-to-benefit-from-trumps-new-tax-plan/
http://www.wsj.com/public/resources/documents/trump-tax-reform2015plan.pdf
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