Trump's Tax Plan

Today, Wednesday, September 27, Trump came out with a proposal for a new tax plan. The plan includes a reduction from the current marginal individual income tax brackets from seven to three. Thus, a single income $191, 650 or greater cannot be taxed more than 35%. The next bracket is 25% for income thresholds between $37,950 and $191,650. And, the rest at 12%. The article from the New York Times continues to outline various other aspects of the tax plan in further detail with accompanying graphs.