Wednesday, September 30, 2015

The Tax Foundation on Trump's Tax Plan

Individual Income Tax Brackets Under Donald Trump’s Tax Plan
Ordinary Income
Capital Gains and Dividends
Single Filers
Married Filers
Head of Household
$0 to $25,000
$0 to $50,000
$0 to $37,500
$25,000 to $50,000
$50,000 to $100,000
$37,500 to $75,000
$50,000 to $150,000
$100,000 to $300,000
$75,000 to $225,000
$150,000 and up
$300,000 and up
$225,000 and up

Key Findings:
  • Trump’s tax plan would substantially lower individual income taxes and the corporate income tax and eliminate a number of complex features in the current tax code.
  • Trump’s plan would cut taxes by $11.98 trillion over the next decade on a static basis. However, the plan would end up reducing tax revenues by $10.14 trillion over the next decade when accounting for economic growth from increases in the supply of labor and capital.
  •  According to the Tax Foundation’s Taxes and Growth Model, the plan would significantly reduce marginal tax rates and the cost of capital, which would lead to an 11 percent higher GDP over the long term provided that the tax cut could be appropriately financed.
  • The plan would also lead to a 29 percent larger capital stock, 6.5 percent higher wages, and 5.3 million more full-time equivalent jobs.
  • The plan would cut taxes and lead to higher after-tax incomes for taxpayers at all levels of income.
The full analysis is here.


  1. I wonder if he will address American's getting their income taxed when working abroad, and FATCA

  2. To anyone that actually believes this garbage just remember, Bush ran on a humble foreign policy and Obama said he would protect whistleblowers. Any of these turds will tell you whatever you want to hear just to grab the brass ring.