TaxFoundation / tax-plans

Inteactive table of 2016 presidential tax plans
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Kasich Tax Plan #16

Closed ScottElliotTaxFoundation closed 9 years ago

ScottElliotTaxFoundation commented 9 years ago

Released today: https://s3-us-west-2.amazonaws.com/john-kasich-assets/wp-content/uploads/2015/10/Kasich-Plan-Fact-Sheet-Cutting-Taxes-1.pdf ***There may be some more edits to Kasich later today, if their campaign supplies us with additional details.

Kasich - Ordinary Income "Establishes three brackets, with a top rate of 28%."

Kasich - Credits "Increases the Earned Income Tax Credit by 10 percent."

Kasich - Rates on Capital Gains and Dividends "Lowers the rate on long-term capital gains to 15%."

Kasich - Top Rates on Corporate Income "Lowers the top corporate rate to 25%."

Kasich - Capital Expenses "Moves to full expensing of investment costs."

Kasich - International Income "Shifts to a territorial tax system and enacts a deemed repatriation at a "low rate." "

Kasich - Estate Tax "Eliminates the estate tax."

Kasich - Other "Doubles the research and development credit for businesses with under $20 million in gross revenues."