Tax Reform
| State & Local Taxes |
Results |
- Whether to eliminate the deduction for state and local taxes on individual federal income taxes. (Up to $10,000 in property taxes would still be deductible)
|
National and by Party ID |
| Corporate Taxes |
Results |
- Whether to lower the top corporate tax rate from 35% to 20%. Exemptions, credits and other deductions would then be applied to this amount.
|
National and by Party ID |
- Whether to set a new maximum tax rate for owners of ‘pass-through’ businesses at 25%.
|
National and by Party ID |
- Whether to eliminate the U.S. corporate income tax on profits made by their subsidiaries in other countries.
|
National and by Party ID |
- Whether to allow businesses to deduct the full amount of their investments (other than buildings) for the next five years, in the year they make the investment. This will result in a tax reduction for those businesses during this period.
|
National and by Party ID |
| Mortgage Deduction |
Results |
- Whether to lower the maximum amount of deductible interest for new mortgages to the interest paid on $500,000 on all home mortgages.
|
National and by Party ID |
| Estate Tax |
Results |
- Whether to eliminate the estate tax in six years, and in the meantime, double the amount that can be transferred tax free for estates willed by individuals from $5.49 million to $10.98 million, and for estates willed by couples from $10.98 million to $21.96 million.
|
National and by Party ID |
| Reducing Taxes Overall |
Results |
- Whether to reduce tax revenues overall.
|
National and by Party ID |
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ABOUT THE SURVEY
