Early November saw the end of one of the most contentious political 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, Clinton’s platform called for increased taxes for higher income individuals including income taxes, capital gains taxes and estate taxes. Trump took a completely opposite approach by promoting a reduction of certain taxes and even the elimination of certain taxes. Having studied the provisions of Mr. Trump’s policy, it’s clear that this administration is looking for high volume of activity to generate the necessary revenue to accomplish his tax policy goals.