Please click here for the article discussing the current Trump proposal. It is a good read! I encourage folks plan accordingly. These changes will make it financially beneficial for everyone to evaluate their current strategy. From my perspective, it appears that everyone will need to consider making changes.
Additionally, it will be interesting to see if this plan succeeds in bringing a reduction to the debt and d...
Here is a bit of a thumbnails sketch of what you can expect under a Trump Presidency.
Ordinary income. The campaign called for top rates reduced to 33% (higher income) and going from 7 to 3 brackets and relief for middle class families. That should be doable. Also eliminate the 0.9% tax from the Affordable Care Act (ACA).
Capital Gains – 20% and eliminate 3.8 percent surtax from ACA. Yes, that will happen.