Tax Blog

Get Ready for (tax) Change


President Elect Donald Trump shocked the world overnight by winning the United States Electoral Vote having at least 276, while Secretary Clinton holds 218 currently. A new administration will mean a structural shift in our tax climate, probably sooner rather than later.

Very likely the changes we will see are a lower corporate tax, a lower individual tax, a lower estate tax, and so forth. The opportunities for business succession, growth, and valuation are now greater now than ever before. While we think President Barrack Obama did an excellent job as President when the country needed him, we recognize that Mr. Trumps pro-business friendly attitude will do business and individuals well in the years to come.

Our congratulations go out to Donald Trump and to Hillary Clinton as well for running such a competitive race.

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The Center for Financial, Legal & Tax Planning, Inc.

4501 West DeYoung Street | Suite 200 | Marion, IL 62959

Phone: 618-997-3436| Fax: 618-997-8370

info@taxplanning.com

© 2016 by The Center for Financial, Legal & Tax Planning, Inc.  at www.taxplanning.com