Last November marked the end of one of the most contentious presidential elections in quite some time. Each candidate had distinctly different plans for the direction they wanted to take this country.
From a taxation perspective, Hillary Clinton’s platform called for increased taxes for higher income individuals including income, capital gains and estate taxes. Donald Trump took a completely opposite approach by promoting a reduction of certain taxes and the elimination of others. Having studied provisions of his tax policy, it’s clear that this new administration is looking for a high volume of business activity to generate the necessary revenue to accomplish his goals.