Trump Says Most Will Be Able to File on Single Sheet

The video discusses a tax reform plan focusing on simplifying the tax code, reducing corporate and small business taxes, and providing incentives for job creation. The plan aims to allow most families to file taxes on a single sheet of paper and reduce the corporate tax rate to enhance competitiveness. Small businesses will benefit from a capped tax rate, and the plan includes measures to boost job creation by allowing full expensing of new equipment. Additionally, the plan proposes ending the estate tax and repatriating trillions of dollars held overseas.

What is one of the main goals of simplifying the tax code?

• To enable most families to file taxes on a single sheet

• To make the tax code more complex

• To allow families to file taxes on multiple sheets

• To increase the number of tax forms

By how much is the current business tax rate higher than the average economic competitor?

• 20%

• 40%

• 60%

• 80%

What is the new maximum corporate tax rate proposed in the plan?

• 15%

• 20%

• 25%

• 30%

What is the proposed top tax rate for small businesses?

• 30%

• 25%

• 15%

• 20%

What is the estimated amount of money to be repatriated under the new tax plan?

• $4 trillion

• $1 trillion

• $2 trillion

• Over $3 trillion