Believe it or Not, Clinton, Trump Do Agree on Something
Believe it or Not, Clinton, Trump Do Agree on Something
Are you ready for the election to be over? While all presidential elections seem to bring out some of the worst in people, this one appears to have reached new levels of animosity and contention, which is constantly on display in the media. It’s no secret that Donald Trump and Hillary Clinton do not like each other. In fact, it would seem that they don’t see eye-to-eye on any major, or even minor issues.
However, despite all the heated debate and the constant bickering that has headlined this election, believe it or not, the two candidates do actually agree on at least one thing. Both candidates reportedly feel that hedge fund managers should be paying higher taxes.
During the second national debate both candidates agreed that the carried interest tax loophole should be eliminated. Carried interest is the amount that hedge fund managers receive when their clients earn a profit on investment returns. Thanks to this loophole, hedge fund managers only pay 23.8 percent on this income instead of 39.6 percent.
This loophole has benefited many of the nation’s wealthiest households for years, but even some of its beneficiaries feel it should be repealed. So despite the rancor between the two presidential candidates, they will have the carried interest tax loophole in common. At least they can agree on that.
You also might like the article: Trump vs. Clinton and the Tax Plans We Could End Up With
http://qz.com/805418/hillary-clinton-and-donald-trump-agree-on-one-thing-hedge-fund-managers-should-pay-more-taxes/
We hope you found this article about “Believe it or Not, Clinton, Trump Do Agree on Something” helpful. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.
To receive our free newsletter, contact us here.
Subscribe to our YouTube Channel for more updates.
Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
GROCO.com is a proud sponsor of The American Dreams Show.
The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.
The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.
They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..
American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:
Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…
MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement:
In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.
Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.
How to Plan for a Trump Presidency
How to Plan for a Trump Presidency Did you hear the news? America has elected Donald Trump as the nation’s 45th president. So, unless you’ve been in a coma or hiding out in a cave in the middle of nowhere, then you already know that. It’s also very likely that you’ve already started to wonder…
Have You Considered Art Investment Funds?
Have You Considered Art Investment Funds? What makes a piece of art truly great? Is it the art itself, or is it the artist who created it? Is art great because of its culturally iconic status, or because of what it represents? Art, after all is very subjective and what one person feels is worthy…
Would Buying a Corporate Jet Make Sense for You?
Would Buying a Corporate Jet Make Sense for You? One of the most common aspects of the business world is travel. People come and go every day for all kinds of reasons and to all kinds of locations worldwide. While most air travelers typically do the bulk of their traveling with commercial airlines, there are…
It All Comes Down to Making Choices
It All Comes Down to Making Choices The business world, just like life, is full of choices. Everything we experience in life comes with choices. Of course, some choices are very simple, like what shirt to wear on a given day, and others are extremely difficult, like where to invest your hard-earned money. So what…