Washington Post: Here’s what’s in Donald Trump’s tax plan

AP

By Jenna Johnson, Sept. 28, 2015, Washington Post

The plan would increase taxes on the "very rich"; reduce taxes for most taxpayers; and eliminate federal income taxes for workers making less than $25,000 per year -- although they would be required to send a one-page document to the Internal Revenue Service that states, "I win."

Trump promised that all of this could happen without increasing the national debt because he expects the economy to improve. He said he would also cut "wasteful spending" from the federal budget, although he did not say how or what the total reduction would be. Some are skeptical that the plan is truly revenue neutral.

It's the sort of tax proposal one might expect from a more liberal candidate, and it's already being called a populist plan. Trump himself -- who has seen rival candidates gain ground in recent days -- describes his political philosophy this way: "I am a man of great common sense."

Here's what Trump has proposed: www.washingtonpost.com

Trump's Tax Plan Source: www.donaldjtrump.com