Donald Trump’s Plan to Raise Taxes on Rich: Just Kidding
The 1 percent can breathe a small collective sigh of relief.
Hillary Clinton’s platform contains many new taxes for the wealthy, and in recent days it seemed that Donald Trump might be moving in the same direction. When asked Sunday on “Meet the Press” about taxing the rich, Mr. Trump said: “For the wealthy, I think, frankly, it’s going to go up. And you know what? It really should go up.”
He now says he wasn’t talking about the current income tax rate for people in the highest bracket, which is 39.6 percent. If he had been, it would have been a big move for Mr. Trump, the presumptive Republican nominee, to push that rate higher. His official tax plan envisions a top rate of 25 percent.
In a phone interview on Monday, I sought clarification from Mr. Trump on his remarks about raising taxes on the rich. I asked him whether the highest earners would be paying more than 39.6 percent if he were president.
“No, in fact, you’d be lower than that,” Mr. Trump said.
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Mr. Trump, in addition to cutting income taxes for the rich, intends to get rid of the estate tax altogether.
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http://www.nytimes.com/2016/05/12/upshot/donald-trumps-plan-to-raise-taxes-on-rich-just-kidding.html
