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Promises about Taxes on Trump-O-Meter
Raise tariffs on goods imported into the U.S.
“Any country that devalues their currency to take unfair advantage of the United States and all of its companies that can’t compete will face tariffs and taxes to stop the cheating.”
Release his tax returns after an audit is completed
“I’m under a routine audit and it'll be released, and as soon as the audit is finished it will be released."
Create targeted child care tax credits
"The Trump plan will rewrite the tax code to allow working parents to deduct from their income taxes child care expenses for up to four children and elderly dependents."
Lower the business tax rate
"The Trump Plan will lower the business tax rate from 35 percent to 15 percent, and eliminate the corporate alternative minimum tax."
Cut the number of tax brackets
"The Trump Plan will collapse the current seven tax brackets to three brackets."
Eliminate the marriage penalty
"This new tax code eliminates the marriage penalty and the Alternative Minimum Tax (AMT) while providing the lowest tax rate since before World War II."
Repeal the alternative minimum tax
"The 3.8 percent Obamacare tax on investment income will be repealed, as will the alternative minimum tax."
Eliminate the carried interest loophole
"As part of this reform, we will eliminate the carried interest deduction and other special interest loopholes that have been so good for Wall Street investors, and for people like me, but unfair to American workers."
Create a 10-percent repatriation tax
"It (The Donald J. Trump tax plan) will provide a deemed repatriation of corporate profits held offshore at a one-time tax rate of 10 percent."