Individual Tax Brackets:
Clinton: Keep them the same, but have a 4% surcharge on incomes greater than $5 million. Minimum 30% tax on incomes over $1 million.
Trump: Consolidate to 3 brackets: 12-25-33%
Clinton: Limit the value of itemized deductions to 28% of “face value”
Trump: Boost standard deduction to $25,000 ($50,000 for joint filers), new deduction of individual health insurance premiums, new deduction for child care costs, limit itemized deductions other than mortgage interest and charitable gifts.
Repeal Individual Taxes:
Clinton: No tax repeals
Trump: Repeal Obamacare tax, Gift and Estate taxes and Alternative Minimum Taxes
Clinton: Impose “exit tax” on companies relocating outside the U.S., Impose tax on high-speed trading, Eliminate incentives for fossil fuel production, boost incentives for R&D
Trump: Reduce corporate tax rates to 15%, eliminate deferral of tax on foreign business income, impose 10% repatriation tax on accumulated profits of foreign subsidiaries, repeal most business tax incentives.