Trump and Taxes

Donald Trump, the first presidential candidate since the 1970s to not release his full tax returns, will likely be leading a significant overhaul of the U.S. tax code.

In case you were hiding in a bunker, Trump won the White House in a shocking upset over Democratic nominee Hillary Clinton. Much is unknown about what a Trump presidency will actually look like, but one area where we do have at least some sense of a plan is taxes. Trump has proposed reducing the corporate tax rate to 15 percent from the current 35 percent, the highest in the developed world. He also wants to give companies a one-time opportunity to pay just a 10 percent tax to bring home what researcher Capital Economics says amounts to some $2.5 trillion in foreign profits stashed overseas.