Category: Tax Efficiency

Once again, the President and several officials placed in charge of revamping the US tax code have released an outline for what they hope tax reform will accomplish this year. And once again, it is short on crucial details that would let us know the exact ramifications of the policies they aim for.

You may  remember that I have released thoughts on prior developments in the Trump tax plan back in December and May. Despite the latest release, constituting nine pages of information compared to the one-page outline released in April, there isn’t a lot of new information here. However, a few of the suspected aims of this tax plan seem to be coming into better view.

This article is based on information released in April of 2017 concerning the Trump Administrations plans for tax reform. For analysis concerning information released in September 2017, click HERE.

Last week we went over the primary effects and differences between Donald Trump’s tax plan and the tax reform proposal from the House GOP. Unless you were following closely, you may have glossed over some of the specifics. Instead of a new topic this week, we put together a tax reform chart summarizing the two proposals, side-by-side.

This article is based on information released in December of 2016 concerning the Trump Administrations plans for tax reform. For analysis concerning information released in September 2017, click HERE.

Through some combination of hard work and great fortune, a small subset of us may find all of our materials needs and wants are met. Perhaps, in lieu of satisfying your every desire, you feel a calling to give back.

Maybe you just want to save some money on your taxes. Whatever the reason, this time of year often motivates many people to engage in charitable giving.