Declared 2016 Republican Presidential Candidate

Businessman, television personality and author

Donald John Trump
Born: June 14th, 1946  (age 70)

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    Candidates' Positions on Taxes

Donald Trump on Taxes

Trump supports raising taxes on the very wealthy – arguing that the current tax code requires them to pay very little if anything at all – and lowering taxes on the middle class.

DONALD TRUMP: ”I would say that the hedge fund people make a lot of money and they pay very little tax. I'm about the middle class. I want the middle class to be thriving again. We're losing our middle class…”

INTERVIEWER: “So change the tax code?”

TRUMP: “I would change it, I would simplify it, I would...”

INTERVIEWER: “But in this respect, you want to tax carried interest in the same way as ordinary income is taxed.”

TRUMP: “I would take carried interest out and I would let people that are making hundreds of millions of dollars a year pay some tax. Because right now they're paying very little tax and I think it's outrageous. I want to lower taxes for the middle class. I want to lower taxes for people that are making a lot of money, that need incentives.”

INTERVIEWER: “So that would affect not just hedge fund people, that would also affect people in limited real estate partnerships, of which you are in a fair number.”

TRUMP: “I'm okay. I'm okay.”

INTERVIEWER: “So you're proposing that you would like to raise taxes on yourself.”

TRUMP: “That's right. That's right. I'm okay with it. I'm, you know, ready willing and – I mean, you see my statements, I mean I do very well. I don't mind paying some tax. The middle class is getting clobbered in this country. You know, the middle class built this country, not the hedge fund guys. But, I know people in hedge funds, they pay almost nothing. And it's ridiculous. Okay?”

28 August, 2015: Trump is interviewed for Bloomberg News

Trump believes the current tax code is needlessly complex, and is in favor of simplifying it. He also specifically rejects the notion of a flat tax.

DONALD TRUMP: “Here's what I want to do: I want to simplify the tax code. I want to cut taxes, but I want to simplify the tax code. I want to make it great for the middle class. The middle class is being killed. I want to put H&R Block – it's an ambition of mine to put H&R Block out of business. When a person has a simple tax return – they have a job, and they can't even figure out when they look at this complicated form, they can't figure out what to pay. And you know what, I have guys, that are friends of mine, they make a fortune, they're hedge fund guys, they move around paper – look, at least, I build things, I put people to – these guys move around paper. And half the time it's luck more than talent, okay? They pay peanuts. Okay? I want to make it so the middle class – I want to lower taxes, but I want to make it so the middle class benefits.”

SEAN HANNITY: “Do you believe in supply-side economics inasmuch as you reduce taxes on everybody, including the wealthy, and that a rising tide lifts all boats?”

TRUMP: “I don't fully believe in it, but there is something to it. I don't fully, you know, I've studied it...”

HANNITY: “But you don't want a flat tax, you have said that.”

TRUMP: “I don't like when everybody's paying the same.”

HANNITY: “Do you like a Fair Tax?”

TRUMP: “If I make a billion dollars and somebody else is making a hundred, and he's paying ten dollars, and I'm paying – to me, I don't know. I like somewhat of a graduation. What you have now is a system that is too complicated. The easiest thing to do is make that system uncomplicated, and make it really good. Make it really good.”

12 August, 2015: Trump is interviewed by FOX News (03:39 – 05:00)

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Other Candidates on Taxes

Hillary Clinton
Gary Johnson
Jill Stein

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