Reality Check: What Donald Trump Has Said About Taxes And The Wealthy

[WhiteTara]

Donald Trump has made various statements about his tax plan in recent days that have left some people pretty confused about just what he'd like to do. Here's a guide to interpreting his remarks.

At a news conference at Trump Tower, Trump unveiled a series of proposals to dramatically simplify and cut business and personal taxes.

The proposals would have reduced the top marginal tax rate from 39.6 to 25 percent for couples with annual income above $300,000, which would have meant big cuts for high-income people.

Trump maintained that the cuts would benefit middle-class families and that the rich would actually end up paying more in taxes, because he would eliminate unspecified deductions and loopholes.

Analysts who studied the proposals say they would increase the federal budget deficit by as much as $11 trillion over the first decade.

Read more: http://www.npr.org/2016/05/13/477930933/reality-check-what-donald-trump-has-said-about-taxes-and-the-wealthy

[chknltl]

1. Republican sliding-scale tax system:

The more money you can spend on lobbyists the less money you need to spend on taxes. (Not necessarily a system exclusively supported by Republican politicians).