Not surprisingly, the tax positions of our presidential candidates differ dramatically, and that is especially true between the parties. Some of the changes proposed by the candidates could significantly alter the current tax system.
The Tax Foundation, a not-for-profit independent tax policy research organization, recently published a study comparing the candidates’ tax policies and the economic impact of the proposals. A few of the proposals are listed below.
Tax policy appears to be a key issue in the presidential election discussion. The positions listed here are based upon the initial plan laid out by the candidates but will likely change and be refined over the course of the election. Given the push from all candidates to reform the tax laws, it will be important to research the candidates’ positions and understand the implications as you head to the polls.
To access the full publication including an estimate of the economic impact from the Tax Foundation click here.
John Kammerer is a partner at Redpath and Company and holds a seat on the firm’s board of directors. He leads the firm’s business tax service area, assisting clients with tax planning and preparation, research, entity structuring, and M&A transactions. John works with a variety of clients in industries such as manufacturing, construction, real estate, and professional services. He is a frequent presenter on topics of business taxation and entity structuring. John is also a member of the S Corp Association advisory board and lobbies with the group to promote and support tax policies that positively impact S Corporations and privately-held businesses. John graduated from Winona State University with a Bachelor of Science degree in Accounting. He is a member of the American Institute of Certified Public Accountants (AICPA) and the Minnesota Society of Certified Public Accountants (MNCPA). He has provided public accounting services at Redpath and Company since 2004.More posts by John Kammerer
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