PhotoWASHINGTON — Here are the most important changes in the tax plan proposed Wednesday by President Trump. Three Tax BracketsThe number of tax brackets for individuals is reduced from seven to three: 10 percent, 25 percent and 35 percent. That lowers the top rate by nearly 5 percentage points, easing the tax burdens on most Americans, including the rich. The alternative minimum tax makes it harder for very rich individuals to game the tax system and pay less tax. The provision cost Mr. Trump an additional $31 million in federal income taxes in 2005, and now he wants to kill it.

Source: New York Times April 26, 2017 19:36 UTC