Everyone is buzzing today about the proposed Trump tax plan. The plan would slash the corporate tax rate and dramatically increase the standard deduction and child tax credits for individual taxpayers. It would also greatly simplify the tax brackets for individual taxpayers. Another key provision is the elimination of the estate tax paid by high wealth estates. There are still many questions on this proposal and its impact on business of all types. Here is a great article summarizing what we know about the proposal now. We will monitor the situation and post updates as new information becomes available.
Published on Sep 28 @ 9:19 AM CDT