By Reuters, Sep 12, 2015 CNBC
In a news conference at Trump Tower in Manhattan, he vowed to reduce the number of tax brackets to four—at zero percent, 10 percent, 20 percent and 25 percent—instead of the current seven.
The plan calls for eliminating federal income taxes on individuals earning less than $25,000 and married couples earning less than $50,000. If you fall under the no tax bracket you'll get to send a one-page letter to the IRS that says "I Win," Trump said. But the plan would also benefit businesses and the rich.
Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook
