Five things you need to know about Trump’s tax plan
By International Adviser, 28 Apr 17
This week, US president Donald Trump unveiled what he called “the biggest tax cuts in history”. Here’s a look at some of the initial proposals to slash inheritance tax, top income brackets and tax for large corporations.
Trump’s plan proposes condensing the existing seven income-tax rates to just three, cutting the individual top rate to 35% from 39.6%. The lowest rate would remain at 10% and the middle rate would be 25%.