After years of following presidential races, what can we believe these days? As you look over the tax policies of Clinton and Trump, you have to wonder what these new proposals will do for the citizens of the United States. According to the Tax Foundation, here are Clinton’s and Trump’s proposals on how US citizens should be taxed.
What do you think?
Ordinary Income Rate: Clinton 10%-43.6%; Trump 0% to 25%
Top Rate Capital Gains: Clinton 47.4%; Trump 25%
Itemized Deductions: Clinton Limits Benefits To 28%; Trump Steepens Phase Out Of Itemized Deductions
Alternative Minimum Tax: Clinton Adds Buffet Rule To AMT( Buffet Rule ensures all taxpayers with 1M + income pays a minimum effective tax rate of 30%; Trump Repeals AMT
Estate Tax Rate: Clinton 45%; Trump 0%
Estate Tax Exemption: Clinton 3.5M; Trump N/A
Corporate Tax Rate: Clinton Will Not Disclose Rate; Trump 35%
Although the average citizen will not know how changes in the tax laws will affect them, we at TaxConnections would appreciate input from our readers. It is better to talk about them now than later. In the case of FATCA, the taxes were not discussed at all and it negatively affects so many people today! Check out what happened to these US citizens.
Kat Jennings, Founder of ET Search LLC offering retained tax search services and TaxConnections Inc., the leading tax professional branding platform. Through ET Search LLC, we provide: 1) Internationally recognized, retained executive tax search services for multinational corporations, public accounting firms, and law firms; and through TaxConnections: 2) Provide brand building services to expand the reach of tax professionals and their firms.
The tax candidates we introduce to clients are hidden and will never submit a resume through a resume portal tracking their activity. This leaves an underground population of tax candidates inaccessible to most companies who seek technically sophisticated tax executives for their open tax roles.
As a globally recognized consultant to multinational organizations, accounting firms, and law firms searching for tax expertise, Kat has been retained by public accounting firms, law firms, and corporations worldwide including Apple Computer, AC Neilson, Accenture, Agilent Technologies, Allergan, Alza, American Express, American Media, Aon, Baker & McKenzie, Barclays Bank, Bechtel, Cargill, Carl Zieuss Vision, Century Aluminum, Chevron, Clorox, Citigroup, Commercials Metals, Constellation Energy, Countrywide, Del Monte, Deloitte Touche, DFS, DLA Piper, E&J Gallo Winery, Electronic Arts, Ernst &Young, Fox Entertainment, Fremont Investments, General Electric, General Motors, Herbalife, Hewlett Packard, Hyatt, Intel, Jones Lang LaSalle, Kimco Realty, KLA Tencor, Koch Industries, KPMG, Levi Strauss, Liberty Mutual, LKQ, Loews, Logitech, Lucas Film, Maersk, McKesson, Nalco, Newell Rubbermaid, Nissan, Oracle, Orbitax, Pacific Gas & Electric, PwC, QAD, SAIC, SanDisk, Sanmina, Sempra Energy, SONY, Synopsys, Ticketmaster, Trimble Navigation, Toyota, Univar, Wells Fargo, Vertex, Yahoo, Xilinx, and many more not listed here.
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Contact Kat at 858,999.0053 Office/858.232.4415 Cell or kat@etsearch.com to request a private consultation about a search.
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