(INTELLIHUB) — David Quintieri gives a brief breakdown of President Donald Trump’s tax plan.
According to Quintieri, the top seven elements of the plan are as follows:
- 7 income brackets to 3: 10%, 25%, and 35%
- Double standard deductions for married couples to $24,000
- Eliminate the alternative minimum tax and the estate tax
- Lower capital gains tax to 20%
- Repeal inheritance or “death” tax
- Cut corporate tax to 15%
- Propose a “tax holiday” for corporations keeping profits offshore to “repatriate”
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