 |
 |
|---|---|
| Individual income taxes | Individual income taxes |
| Clinton: Would impose a 4% “fair share surcharge” on Americans making more than $5 million annually. Would implement the “Buffett rule,” imposing a minimum 30% effective tax rate on Americans making more than $1 million annually. | Trump: Would reduce the current seven tax brackets to three: 12%, 25% and 33%. |
| Capital gains and investment taxes | Capital gains and investment taxes |
| Clinton: Last year, Ms. Clinton proposed higher capital gains rates on shorter-term investments. | Trump: Did not mention investment taxes. |
| Taxes on retirement plans | Taxes on retirement plans |
| Clinton: Would end what she calls the “Romney loophole” through “limiting the ability of the very wealthiest to game the system by sheltering large incomes in tax-preferred accounts,” a summary on her campaign website states. She also mentions building on President Barack Obama's proposals in this area. | Trump: Does not specifically mention taxation of retirement plans. |
| Estate tax | Estate tax |
| Clinton: Would restore the estate tax to 2009 levels, $3.5 million for individuals at a rate of 45%. In 2016, the estate-tax exemption is $5.45 million for individuals and $10.9 million for couples, with a 40% rate. She also would “crackdown on loopholes in the estate tax, including methods that people can now use to make their estates appear to be worth less than they really are.” | Trump: Would eliminate the estate tax. |
| Carried interest | Carried interest |
| Clinton: Would eliminate this deduction that is used by private-equity practitioners. | Trump: Would also eliminate this deduction. |
| Child care | Child care |
| Clinton: Would expand the child tax credit. | Trump: Would provide an “above-the-line deduction” for child-care expenses, according to a campaign fact sheet. Low-income taxpayers could deduct them from their payroll taxes. |
| Corporate taxes | Corporate taxes |
| Clinton: Does not specifically mention corporate taxation in her plan. | Trump: Would establish a top corporate tax rate of 15%, which also would apply to businesses that are operated on the proprietor's personal income-tax return as a pass-through. |
A $141M judgment and a federal asset freeze collide over one shrinking pool
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
