In 1999, Trump called for a one-time 14.25% tax on individuals and trusts of over $10 million in order to pay off the national debt. Trump’s rhetoric at the time was eerily similar to that of the Occupy movement, as he stated that, “By my calculations, 1 percent of Americans, who control 90 percent of the wealth in this country, would be affected by my plan. The other 99 percent of the people would get deep reductions in their federal income taxes.” In 2000, he indicated that he was opposed to a flat tax.
In 2011, he indicated support for the Bush Tax Cuts, stating that President Obama would be “taking away a lot of incentives from a lot of people that produce a lot of taxes” if he were to allow them to expire. A few months later, he proposed a four-bracket tax system which contained rates of 1%, 5%, 10% and 15% and eliminated the corporate income and estate taxes. Needless to say, this is a marked shift from his prior position.