Trump's administration has submitted a tax reform plan

The US authorities have submitted a tax reform plan, which implies the “largest reduction in taxes” in the history of the country. This was told at a briefing by the Minister of Finance of the United States Stephen Mnuchin and the director of the National Economic Council at the White House Gary Kon.

US President Donald Trump proposed reducing the federal income tax rate of companies from 35% to 15%.

At the same rate, limited liability partnerships will be paid, which are now not taxed. This will avoid the payment of income tax, which reaches 30%.

The Trump government also proposed to simplify the process of levying income tax. The number of bets that apply to the income of a separate individual taxpayer will be reduced from seven to three - 10, 25 and 35%.

During a briefing, Mnuchin noted that the tax on foreign profit of American companies will also be reduced. The Minister of Finance did not call the amount of tax, but said that this rate would make it possible to create jobs and "allow you to return trillions of dollars."

According to Gary Kon, the authorities will introduce a zero tax rate for the first $ 24 thousand, which will earn married couples.

Inheritance and minimum alternative tax will also be canceled.

“Our main task is to simplify the tax system, to reduce rates. We want to make the system as fair as possible, ”said Mnuchin.