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

• 30%

• 35%

• 45%

• 40%

What is the proposed deduction for married taxpayers filing jointly?

• $24,000

• $30,000

• $20,000

• $18,000

Which tax is referred to as the 'death tax' by Republicans?

• Income Tax

• Estate Tax

• Property Tax

• Sales Tax

What is the main focus of the proposed tax reform according to Republicans?

• Providing middle-class tax relief

• Increasing corporate taxes

• Eliminating all taxes

• Cutting taxes for the wealthy

Who will decide the details of the one-time tax on repatriated overseas profits?

• Tax writing committees

• The Supreme Court

• The Big Six

• The President