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The Rich Get Ready for Higher Taxes Under a President Clinton
Source:
bloomberg.com
- Oct 26, 2016
For wealthy Americans, a big win by Hillary Clinton on Nov. 8 could get pretty expensive.
Clinton is proposing higher taxes on Americans who make more than $250,000, including a 4 percent “fair share surcharge” on incomes over $5 million a year. She’s also trying to limit the ability of the rich to lower their tax bills through clever planning.
This has made the election a hot topic at accounting and advisory firms that cater to the wealthy. The election “dominates the conversations we have with clients today,” said Brian Andrew, chief investment officer at Johnson Financial Group.
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Category: General Business
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