When is the new Trump Tax?

President Donald Trump’s administration has proposed a massive tax hike that would raise $1.2 trillion over 10 years.

The tax increase would add to already burdensome income taxes already on the books.

But there are plenty of questions about how the plan would be paid for.

What would be lost by not having a tax hike?

How would it affect the deficit?

And how would the administration finance it?

Here’s what you need to know.