2016 Presidential Candidates' Tax Plan Guide

Presidential Candidates' TAX PROPOSAL GUIDE Current Tax Structure Tax Rate for Married Couple Corporate Tax Rate 20% 10.0% Other Taxes $1-$18,450 15.0% $18,451-$74,900 25.0% $74,901-$151,200 28.0% $151,201-$230,450 33.0% $230,451-$411,500 35.0% $411,501-$464,850 III I II IIII I I III I III IIII I II III I II I II Payroll Tax Estate Tax 命 に III I HII III I III III I II II I I III I I II I I 39.6% >$464,850 IIII I II Property Tax Capital Gains Тax REPUBLICANS JEB! 2016 EARNED INCOME TAX CREDIT ESTATE TAX 2X Current Rate CHILDLESS FILERS JEB BUSH AGES 21-24 Cut it. INCOME TAX CORPORATE TAX RATE PAYROLL TAX 28% RICH Lower it. AVERAGE 25% AGES 67+ CURRENT RATE Exempt them. BLUE COLLAR JEB'S RATE 10% 39.5% 20% CORPORATE PASS-THROUGH BUSINESS TAX RAND! 2016 What? How individual owners of a business pay taxes on income made from that business on their personal income tax returns. Pass through taxation applies to sole proprietorships, partnerships, and S-Corporations. Traditional, or C-Corporations, pay corporate taxes on income derived from the corporation. BUSINESS ТАX: RAND LIKES RAND PAUL 14.5% -CORNELL UNIVERSITY LAW SCHOOL INCOME TAX CORPORATE TAX RATE 14.5% 14.5% RICH 14.5% AVERAGE CAPITAL GAINS TAX Lower it. CURRENT RATE CURRENT RATE 14.5% BLUE COLLAR RAND'S RATE RAND'S RATE 39.5% 14.5% 20% 14.5% ESTATE TAX ALT MINIMUM TAX PAYROLL TAX MINX No. No. No. MARCO! 2016 ADDITIONAL CHILD TAX CREDIT +$2500 for a family of 3 MARCO RUBIO INCOME TAX CORPORATE TAX RATE TAX CREDIT IIII I I IIII I II for businesses IIII I II IIII I Il providing paid family leave IIII I II 35% UPPER MIDIDLE/ UPPER CLASS IIII I II Lower it. IIII I I III I I IIII I III CURRENT RATE IIII I I IIII I II IIII I I 15% MIDDLE/LOWER CLÁSS MARCO'S RATE IIII I I 39.5% 25% ESTATE TAX ALT MINIMUM TAX CAPITAL GAINS TAX M "TAX INIMUM No. No. No. THE DONALD! 2016 INCOME TAX CORPORATE TAX RATE IIII I I 35% RICHEST III I I IIIII I IIII I I 25% IIII I II III I II II I II DONALD TRUMP IIII I II 20% Lower it. IIII I I CURRENT RATE IIII I I IIII I II 10% III I I DONALD'S RATE III I I 0% POOREST 39.5% 15% ESTATE TAX ALT MINIMUM TAX CAPITAL GAINS TAX MINAX No. No. No. CHRIS! 2016 PERMANENT RESEARCH AND DEVELOPMENT TAX CREDIT CHRIS CHRISTIE INCOME TAX CORPORATE TAX RATE PAYROLL TAX II I I IIII I I IIII I I III I IIII I 28% UPPER MIDDLE/ UPPER CLASS IIII I II Lower it. IIII I I IIII I I III I I AGES -25 AGES 62+ II I I II I I IIII I I III I I III I II CURRENT RATE Exempt them. 8% MIDDLE/LOWER CLÁSS CHRIS'S RATE 39.5% 25% BEN! 2016 TED! 2016 BEN CARSON TED CRUZ INCOME TAX INCOME TAX 10-15% RICH Flat Rate RICH 10-15% AVERAGE Flat Rate AVERAGE 10-15% BLUE COLLAR Flat Rate BLUE COLLAR CARLY! 2016 ESTATE TAX No. CARLY FIORINA No Specific Proposals DEMOCRATS HILLZ! 2016 RAPID FINANCIAL TRANSACTIONS TAX HILLARY CLINTON Yes. CAPITAL GAINS TAX TAX CREDITS Permanent American Opportunity Tax Credit HILLARY'S RATE PROVISIONS ARE SPECIFIC TO TAX YEARS (EXTENDED THROUGH 2017) FOR THE FIRST 4 YEARS OF POST- SECONDARY EDUCATION. CURRENT RATE Profit-Sharing and Apprenticeship Tax Credit 20% 24% to 39.6% ITEMIZED DEDUCTIONS MINIMUM ТАХ ALT MINIMUM TAX Capped at 28% If your income is: V$1,000,000 You would owе а: 30% MINIMUM TAX INCOME TAX No Specific Proposal ESTATE TAX BERNIE! 2016 $3.5M Exemption Threshold $ BERNIE SANDERS $5.4M Exemption Threshold RAPID FINANCIAL TRANSACTIONS TAX 0.005% - 0.5% CURRENT RATES $ PAYROLL TAX 40% 65% .2% Fund Paid Family Leave Tax Social Security Payroll Tax to +$250,000 earnings INCOME TAX No Specific Proposal MARTIN! 2016 RAPID FINANCIAL TRANSACTIONS TAX MARTIN O'MALLEY Yes. PAYROLL TAX INCOME TAX Social Security Payroll Tax to +$250,000 earnings No Specific Proposal Brought to you by MBACentral.org CITATIONS taxfoundation.org/comparing-2016-presidential-tax- reform-proposals www.huffingtonpost.com/2014/01/13/chris-christie- investigation_n_4588132.html ballotpedia.org/2016_presidential_candidates_on_taxes abcnews.go.com/Politics/photos/photo-dr-ben-carson- www.pbs.org/newshour/rundown/gop-tax-plans-one-chart/ addresses-republican-national-committee-28297647 en.wikipedia.org/wiki/American_Opportunity_Tax_Credit www.usatoday.com/story/news/politics/ elections/2016/2015/07/15/jeb-bush- fundraising/30204665/ www.slate.com/blogs/the_slatest/2015/04/22/carly_ fiorina_2016_wall_street_journal_reports_former_hewlett_ packard_ceo.html www.business2community.com/government-politics/ twitter-responses-rand-paul-announcement-running- 2016-race-president-01200423 www.politifact.com/texas/article/2015/mar/22/ted-cruz- and-truth-o-meter-already-winner/ www.komonews.com/news/national/GOPS-Marco-Rubio- says-he-is-running-for-White-House-299562681.html www.thestar.com/news/canada/2015/04/12/hillary-clinton- officially-announced-2016-presidential-bid.html johngraberblog.blogspot.com/2015/05/get-ready-for- www.nydailynews.com/news/politics/donald-trump- entering-2016-presidential-race-article-1.2259706# bernie-sanders-to-lose.html media.salon.com/2013/01/bernstein_omalley.jpg 由 川