taxes

7 ways tax laws could change under the Donald Trump tax plan

Kill the ACA tax
Kill the ACA tax | Morsa Images/Getty Images

Kill the ACA tax

Republicans, including Trump, want to kill the so-called "3.8-percent Obamacare tax" -- the net investment income tax created under the Affordable Care Act.

Republicans say repealing these "economically damaging tax increases," though, "should not be paid for with other economically damaging tax increases." Rather, they say, killing these increases "should be paid for by repealing the massive new entitlement program created by Obamacare."

Martin says he dislikes using the word "entitlement" since taxpayer money is used to fund the program.

"It is clear wealthy people hate paying this tax," says Martin. "We need to really look at how these taxes are implemented, the benefits paid and the tax rates and structures involved."

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