Changes
Jump to navigation
Jump to search
no edit summary
*Corporate tax rate reduced to 15%, regardless of business size. Current rate hovers ~39.1%[http://www.forbes.com/sites/taxanalysts/2015/03/25/the-truth-about-corporate-tax-rates/#2715e4857a0b5c9ec04020a5]
*Companies are required to bring their funds back from overseas accounts and pay a 10% tax on those funds. Funds used for overseas operating activities are exempt.
===Funding for Tax Cuts===
Trump pledges to propose alternative ways to keep revenue stable whilst reducing taxes.[https://www.donaldjtrump.com/positions/tax-reform]
*Eliminate loopholes and deductions for the very rich. Steepening the curve of the Personal Exemption Phaseout and the Pease Limitation on itemized deductions.
*10% repatriation tax for corporate funds located overseas.
*End the deferral of taxes on corporate income earned abroad.
*Phase in a "reasonable cap" on the deductibility of business interest expenses.[https://www.donaldjtrump.com/positions/tax-reform]
==Jobs and Business Policy==
