TaxFoundation / tax-plans

Inteactive table of 2016 presidential tax plans
1 stars 0 forks source link

One addition to Rubio; several wording changes to Trump #6

Closed ScottElliotTaxFoundation closed 8 years ago

ScottElliotTaxFoundation commented 8 years ago

The addition to Rubio should probably be noted at the bottom as "Updated Marco Rubio in the Other category to reflect his paid family leave credit proposal." The wording changes to Trump probably do not have to be noted at the bottom.

Rubio - Other Taxes "Eliminates the head of household filing status. Removes interest income from the tax base, except for interest received by financial institutions. Provides a new tax credit for businesses that offer paid family leave.

Trump - Rates on Ordinary Income "Establishes four tax brackets, with rates of 0%, 10%, 20% and 25%. The top rate applies to to income over $150,000 for single filers and $300,000 for joint filers."

Trump - Itemized Deductions "Phases out all deductions except for charitable and mortgage interest."

Trump - Rates on Capital Gains and Dividends "Eliminates the net investment income surtax."

Trump - International Income "Ends the deferral of overseas corporate income but preserves the foreign tax credit. Enacts a deemed repatriation of foreign income at a 10% rate."

Trump - Other Taxes "Places a "reasonable cap" on the deductibility of interest against the corporate income tax. Taxes carried interest at ordinary income rates."