Burr & Forman

10.31.2016   |   Articles / Publications

InvestmentNews: Despite Contrasts, Neither Donald Trump Nor Hillary Clinton’s Tax Plan Challenges Existing Regime

In an article published on Oct. 30, 2016 by InvestmentNews, Joshua A. Ehrenfeld provides insight on how Donald Trump and Hillary Clinton’s proposed tax plans will actually impact the U.S. tax regime. Ehrenfeld summarizes the key components among each candidate’s business, individual and estate taxes. When addressing the business tax regime, Ehrenfeld explains how on the business tax front, Mr. Trump’s proposal lowers the corporate tax rate to 15 percent (from a maximum 35 percent), while Mrs. Clinton has not announced any plans to change the U.S. corporate tax rate from its existing levels. With the individual tax proposals, Ehrenfeld discusses how both candidates have proposed taxing carried interest at ordinary income rates, as opposed to capital gains rates. Finally with estate tax, he says Mr. Trump plans to eliminate the estate tax, while Mrs. Clinton’s plan increases the top estate tax rate to 45 percent and lowers the estate tax exclusion to $3.5 million.

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