2016 Presidential Candidates’ Tax Proposal Guide
Current Tax Structure:
Tax Rate for Married Couples:
10% $1 – $18,450
15% $18,451 to $74,900
25% $74,901 to $151,200
28% $151,201 to $230,450
33% $230,451 to $411,500
35% $411,501 to $464,850
39.60% over $464,850
Corporate Tax Rate: 20%
Other Taxes:
Payroll Tax
Estate Tax
Capital Gains Tax
Property Tax
Republicans
Jeb Bush
Income Tax:
10%
25%
28%
2X Current EITC (Earned Income Tax Credit)
Childless Filers
Ages 21-24
Corporate Tax Rate:
20%
Payroll Tax:
Ages +67 Exempt
Estate Tax:
Eliminated
Rand Paul
Everything is 14.5%, except what isn’t…
Income Tax:
14.5%
Corporate Tax Rate:
14.5%
Corporate Pass-Through Business Tax:
14.5%
Capital Gains Tax:
yes, also 14.5%
Not 14.5%:
Payroll Tax
Estate Tax
Alternative Minimum Tax
Because they would no longer exist.
Marco Rubio
Income Tax:
15% to $150k
25%
35%
Additional Child Tax Credit:
+$2,500
+ Tax Credit for Businesses Providing Paid Family Leave
Corporate Tax Rate:
25%
No More:
Estate Tax
Alternative Minimum Tax
Capital Gains Tax
Donald Trump
Income Tax:
0%
10%
20%
25%
35%
Corporate Tax Rate:
15%
And No More:
Estate Tax
Alternative Minimum Tax
Capital Gains Tax
Chris Christie
Income Tax:
8%
28%
Corporate Tax Rate:
25%
Payroll Tax:
Ages +62 and -25 Exempt
Permanent Research and Development Tax Credit
Carly Fiorina
No Specific Tax Proposals
Ben Carson
Income Tax:
10-15%
Ted Cruz
Income Tax:
Mystery Flat Rate
Estate Tax:
Eliminated
Democrats
Hillary Clinton
Income Tax:
No Specific Proposal
Capital Gains Tax:
24-39.6%
Itemized Deductions:
Capped at 28%
Alternative Minimum Tax:
$1M Income = 30% Minimum Tax
Rapid Financial Transaction Tax
Tax Credits:
Permanent American Opportunity Tax Credit
Profit-Sharing and Apprenticeship Tax Credit
Bernie Sanders
Income Tax:
No Specific Proposal
Payroll Tax:
.2% Fund Paid Family Leave Tax
Social Security payroll tax to +$250,000 earnings
Estate Tax:
65% $3.5 Exemption Threshold
Financial Transaction Tax:
0.005% – 0.5%
Martin O’Malley
Income Tax:
No Specific Proposal
Payroll Tax:
Social Security payroll tax to +$250,000 earnings
Financial Transaction Tax
Citations: