Now that noted reality television personalty and king of the comb-over Donald Trump has announced for the Republican presidential nomination it is time to take a look at his tax plan.Trump has evolved over the years with his proposals in the late 90’s looking to impose a large wealth tax on all estate worth over $10 million to massive tax cuts today. His current plan, the parts that have been revealed at least, seem committed to large tax cuts across all brackets, elimination of corporate and estate taxes, and reduction in the capital gains rate. No part of the plan explained how to pay for the tax cuts and the campaign has not given any indication an explanation will be given.
See Tony Nitti, Donald Trump Announces Bid For Presidency: What Is His Tax Plan?, Forbes, June 16, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
