Trump’s Tax Reform Plan Under the Microscope
How will President Trump's proposed tax plan affect your household? And how will it change the way Americans pay their taxes, run their businesses, and buy homes? Smith School professos Albert "Pete" Kyle and Michael Faulkender have taken a look at the one-page plan, which calls for cutting the business tax rate to 15 percent and includes a one-time tax of unspecified size on dollars held overseas. It calls for reducing the top personal tax rate to 35 percent and preserves incentives for home ownership while proposing eliminating other tax loopholes. Kyle offers up these insights. Read more...