Under the plan, the top federal capital gains rate is cut from 23.8 percent to 20 percent.<br />The number of tax brackets for individuals is reduced from seven to three: 10 percent, 25 percent and 35 percent.<br />Lowering the corporate tax rate from 35 to 15 percent is one of the most aggressive moves in the plan.<br />The 7 Key Elements of the White House Tax Plan -<br />By ALAN RAPPEPORTAPRIL 26, 2017<br />WASHINGTON — Here are the most important changes in the tax plan proposed Wednesday by President Trump.<br />The provision cost Mr. Trump an additional $31 million in federal income taxes in 2005, and now he wants to kill it.
