Trump on taxes

Trump One the Issues:

One-time 14.25% tax on wealth, to erase national debt

Trump wants to soak the rich, including himself. He proposed a 14.25% tax yesterday on the net worth of wealthy Americans.

He said the one-time tax package would:
• Raise $5.7 trillion to erase the nation’s debt and save $200 billion in annual interest payments
• Use the savings to save Social Security and slash taxes for the middle class
• Increase his personal tax bill by at least $725 million.

Source: (X-ref Tax Reform) Boston Globe, p. A19 , Nov 10, 1999

Now yhis was 1999, before lil Bush ran up the national debt and crashed the economy. Interesying nonetheless.