Tax Proposals And Consequences

Any change in Washington brings the possibility, indeed the likelihood, of tax-law changes. The election of Donald Trump as the 45th president of the United States is no exception. In his campaign, the president highlighted several goals of tax reform that included reducing the official corporate tax rate to 15% from its present 35%.
 
President Trump also plans to “Repeal and Replace Obamacare.” That’s right, as long-promised, The Affordable Care Act could be repealed and, with it, the 3.8% tax on investment income. Also, the alternative minimum tax (AMT), levied on both individuals and businesses could be ...

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