HUCKABY: But you have suggested a new twist here that is necessary to raise the top tax bracket from the 31 to 33 percent up to 40 or 50 percent, and in order to encourage people to invest in these areas. Is that really correct? If we had the passive losses and the accelerated depreciation and one could anticipate future increases in the value, do you think it is necessary to increase the tax rate?
TRUMP: I think it would be a big help for the upper-income taxpayer to have incentive, rather than paying taxes, to invest. I think that the accelerated depreciation, depreciation schedules being shortened, would be a tremendous help for the obvious reason that you would be able to get — assuming the active passive and assuming the right to syndicate — you would be able to get investors to come into real estate transactions.
HUCKABY: How high do you think you would have to take the top tax brackets in order to make this happen?
TRUMP: The higher it is, the more incentive there would be. I guess it was 50 and 60 at one point, and it was obviously even higher than that. But the higher it is, the more incentive. I don’t mean middle income or low income. If anything that could stay the same would be lowered. I am talking about the people that are making a great deal of money should have an incentive to invest. And I know it was 50, and I am talking about a substantial increase, with the ability to get it down to the minimum number.