Presidential Candidates’ Tax Proposal Guide

Updated on April 8, 2021

presidential candidates tax proposals

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2016 Presidential Candidates' Tax Proposal Guide

Current Tax Structure:

Tax Rate for Married Couples:

10% $1 – $18,45015% $18,451 to $74,90025% $74,901 to $151,20028% $151,201 to $230,45033% $230,451 to $411,50035% $411,501 to $464,85039.60% over $464,850

Corporate Tax Rate: 20%

Other Taxes:

Payroll TaxEstate TaxCapital Gains TaxProperty Tax

Republicans

Jeb Bush

Income Tax:

10%25%28%

2X Current EITC (Earned Income Tax Credit) Childless FilersAges 21-24

Corporate Tax Rate:

20%

Payroll Tax:

Ages +67 Exempt

Estate Tax:

Eliminated

Rand Paul

Everything is 14.5%, except what isn't…

Income Tax:

14.5%

Corporate Tax Rate:

14.5%

Corporate Pass-Through Business Tax:

14.5%

Capital Gains Tax:

yes, also 14.5%

Not 14.5%:

Payroll TaxEstate TaxAlternative Minimum Tax

Because they would no longer exist.

Marco Rubio

Income Tax:

15% to $150k25%35%

Additional Child Tax Credit:+$2,500

+ Tax Credit for Businesses Providing Paid Family Leave

Corporate Tax Rate:

25%

No More:

Estate TaxAlternative Minimum TaxCapital Gains Tax

Donald Trump

Income Tax:

0%10%20%25%35%

Corporate Tax Rate:

15%

And No More:

Estate TaxAlternative Minimum TaxCapital Gains Tax

Chris Christie

Income Tax:

8%28%

Corporate Tax Rate:

25%

Payroll Tax:

Ages +62 and -25 Exempt

Permanent Research and Development Tax Credit

Carly Fiorina

No Specific Tax Proposals

Ben Carson

Income Tax:

10-15%

Ted Cruz

Income Tax:

Mystery Flat Rate

Estate Tax:

Eliminated

Democrats

Hillary Clinton

Income Tax:

No Specific Proposal

Capital Gains Tax:

24-39.6%

Itemized Deductions:

Capped at 28%

Alternative Minimum Tax:

$1M Income = 30% Minimum Tax

Rapid Financial Transaction Tax

Tax Credits:Permanent American Opportunity Tax CreditProfit-Sharing and Apprenticeship Tax Credit

Bernie Sanders

Income Tax:

No Specific Proposal

Payroll Tax:

.2% Fund Paid Family Leave TaxSocial Security payroll tax to +$250,000 earnings

Estate Tax:

65% $3.5 Exemption Threshold

Financial Transaction Tax:0.005% – 0.5%

Martin O'Malley

Income Tax:

No Specific Proposal

Payroll Tax:

Social Security payroll tax to +$250,000 earnings

Financial Transaction Tax

Candidates_Tax_Proposals_THUMB

Citations: