Feeds:
Posts
Comments

Posts Tagged ‘trump’

As you may have heard, within months President Trump will begin construction on a giant wall along our southern border, sealing us off from Mexico.

The wall, of course, will cost money — approximately $15 billion, in fact. Earlier today, White House Press Secretary Sean Spicer explained that the U.S.could “easily pay for the wall” by imposing a 20% tax on all imports from Mexico.

If you were one of the millions of TV viewers who instantly reacted to that statement by tilting your head to the side like a confused Labrador, then this post is for you.

Continue reading on Forbes.com.

Authored by Tony Nitti, Withum Partner and writer for Forbes.com.

Read Full Post »

The Presidential Inauguration is tomorrow and, wherever you stand on the whole thing, there is no escaping that our country is entering a period that is sure to bring major change. In this space, we focus on the tax side of things, and President-elect Trump has repeatedly said that major tax reform is an overwhelming priority, promising to command a good deal of his attention during his first 200 days in office.

With Republicans also controlling the House and Senate, one would think the reform Trump wants would be quickly achieved, even with the standard Democratic opposition. Reality, however, is a different matter, and in recent weeks, major differences have arisen between Trump’s vision for the tax law and those shared by other Republican leaders, most notably Kevin Brady, Chairman of the House Ways and Means Committee and the author of the GOP’s 2016 “A Better Way,” a blueprint for tax reform.

Let’s take a look at the differences between the proposals set forth by Trump and Brady — both minor and major — and see where they fall out on a “Problematic Scale” of 1-10.

Continue reading on Forbes.com.

 

Authored by Tony Nitti, Withum Partner and writer for Forbes.com.

Read Full Post »

Donald Trump is soon to become a very busy man. Building a wall, renegotiating trade deals, and trying the cast of Hamilton for treason all require significant man-hours. As a result, if he intends to make America great again, he’ll have to hand over the keys to his real estate empire to a temporary replacement. And unfortunately for the President-elect, this re-directed focus will cost him millions in tax dollars.

Continue reading on Forbes.com.

 

Authored by Tony Nitti, Withum Partner and writer for Forbes.com.

Read Full Post »

There is one clear victor in the 2016 President Election results and that is those who loathe the current tax law and long for reform. President-elect Trump’s tax proposals align nicely with those previously posited by Republican tax writers like Paul Ryan and Kevin Brady, and with last Tuesday’s events resulting in a consolidation of power in the hands of the Republican party, it has been said that tax reform within Trump’s first 100 days in office is a “priority.”

Continue reading on Forbes.com.

 

Authored by Tony Nitti, Withum Partner and writer for Forbes.com.

Read Full Post »

I’m not here to provide color or commentary on much of the debate; after all, I have no idea whether Hillary Clinton can fix Obamacare, or whether Donald Trump’s policy of “sneak attacks” is enough to overcome ISIS, or whether either party has a clue on how to handle immigration.

But I know tax law. And for that reason, I felt compelled to correct one very important — and very LOUD — assertion Republican candidate Trump made during last night’s debate about Democratic candidate Hillary Clinton’s tax proposal.

Continue reading on Forbes.com.

 

Authored by Tony Nitti, Withum Partner and writer for Forbes.com.

Read Full Post »

Hey, have you heard about Donald Trump? You know, the guy who is accused of not paying his creditors, repeatedly making racist and sexist comments, and stealing Christmas from 1981 to 1985? On, and who also happens to be one of the last two applicants for the most important job in the world? Well, someone released three pages of one of Trump’s tax returns from 20 years ago, a violation of privacy which aside from angering Trump, had the unexpected effect of transforming the overwhelming majority of Americans into experts on the tax law.

Continue reading on Forbes.com.

 

Authored by Tony Nitti, Withum Partner and writer for Forbes.com.

Read Full Post »