Trump Taps Congress to Set Top Earners' Tax Bracket

The video discusses proposed changes to the U.S. tax system, focusing on reducing individual tax brackets from seven to three, with a potential fourth bracket for top earners. It highlights middle class tax relief through increased deductions and addresses the elimination of the alternative minimum tax and estate tax. The video also covers the repatriation of overseas profits, noting that specific tax rates will be determined by tax writing committees.

What are the expected changes to the number of tax brackets for individuals?

What is the proposed top tax rate for the highest bracket?

What deductions are expected for married taxpayers filing jointly and single filers?

What tax is planned to be eliminated that primarily affects top earners?

What is the significance of repatriation in the context of the proposed tax changes?