Trump Tax Cut Plan 2025

Trump Tax Cut Plan 2025. For instance, the treasury’s office of tax analysis estimates that the top 0.1% of earners would get a tax cut of $314,000 under a full extension of the individual and estate tax. “one of the major reasons to extend the 2017 trump tax cuts as soon as possible is to give american workers, families, farmers and small businesses certainty.

Efforts to target corporations include raising the corporate tax rate to 28%, increasing enforcement of tax avoidance by multinationals, and quadrupling the stock buyback tax. Here are the main changes that trump has proposed to the current tax laws: