With the election coming up within the next few weeks, Brad Reifler writes that many Americans are wondering how each of the candidate’s plans will have an effect on the financial stability of America. There are certain areas where the candidate’s plans will have larger impacts on the wellbeing of America.
Capital Gains and Childcare
Clinton and Trump have both promised that they will try to simplify the way the tax code works as well as making it more accessible to the country. Clinton plans to do this by making the way that capital gains are calculated more complex and taxing capital gains by how long they have been held by an investor. Trump wants to condense tax brackets to a smaller amount of income levels. Trump also plans to increase the limit for single and married people in terms of deductions. Both candidates believe that there should be breaks on child – care. Both of the candidates would like to give more assistance to families.
Trump would like to repeal the estate tax and increase the amount from any capital gain taxes. If Trump did this, this would then offset subsidies for local businesses and farms.
It is important to follow the election closely so that you are aware of the changes the candidates plan to make, as well as how they will affect you.
Brad Reifler has been the founder and CEO of many different companies He has gained the title, serial entrepreneur because of his work in the business field. His most acclaimed company was the Forefront Capital. He was also the former founding partner of Pali Capital.
Brad Reifler opened his first organization in the 90s. The business was called Reifler Trading and was then acquired by Refco in the year 2000. See his full list of credits on LinkedIn, or check out what Brad has been doing otherwise, from his Twitter page.