How to Successfully Invest Under President Trump
How to Successfully Invest Under President Trump
There is a lot of uncertainty for a lot of different reasons now that Donald Trump has been elected as our country’s next president. Whether you have concerns or not, Trump’s proposed tax policies are likely going to affect you one way or another. Another group of people that is also likely watching closely as Trump gets ready to take over the Oval Office is investors on Wall Street. So what should investors be looking for in order to be successful during Trump’s presidency?
The overriding belief is that investing will be profitable under Trump. That’s because investors will likely be keeping much more of their investment returns with Trump in office because the tax on capital gains is expected to decrease sharply. In fact, under Trump’s plans marginal tax rates are expected to be consolidated and lowered to 33 percent, 25 percent and 12 percent, as has been mentioned many times previously in this blog space. The tax rate on capital gains is expected to be half of those numbers.
Therefore, someone in the top tax bracket who now pays 20 percent on capital gains – plus the 3.8 percent Net Investment income tax as part of the Affordable Care Act – would pay only 16.5 percent under Trump’s plan. That’s a savings of 7.3 percent, which is significant. However, one still has to invest wisely in order to receive those benefits. According to many experts there are several investing tips to keep in mind, including:
- Go after investments that produce high income at a steady rate.
- It’s time to reconsider bonds, because interest from bonds is only taxed at half of your marginal rate.
- Seek opportunities that have lower business taxes as the corporate tax rate is expected to be lowered significantly.
- Pay taxes on retirement savings because you only have to pay once. If you pay them while the rates are lower you won’t have to pay again upon withdrawal when rates could be higher.
http://www.cnbc.com/2016/12/05/4-winning-investment-moves-for-the-trump-tax-era.html
We hope you found this article about “How to Successfully Invest Under President Trump” 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.
Obama Administration Looking to Make Art Collectors pay
Are you a collector? You may have read that the Obama administration was looking to make art collectors pay more taxes. Just last week we discussed how investors could save a lot of money on taxes from selling expensive collectibles like art. Well now it appears that they are apparently looking to put a stop…
Is Your 2015 Tax Plan Ready?
How did your 2014 tax season go? Was it a success, or did it lack something to be desired? Did you get a nice return, or did you end up owing the IRS more than you expected? Did you make any mistakes when you filed your taxes or discover after the fact that you missed…
How To Avoid Taxes on Income From Selling Expensive Art?
Income tax on sale of Paintings Are you a collector of rare and expensive art? Are you tired of getting hit with high tax bills every time you sell one of your pieces? Anyone who deals with extremely value collectibles like artwork knows how expensive these works can be. Taxes for artists At the same…
IRS Blames Budget Cuts for Smaller Workforce, Poorer Customer Service
If you had any less than desirable experiences with the IRS this year then you’re probably not alone. That’s because the top tax agency continues to be plagued by complaints of poor customer service and a general lack of assistance. According to the IRS there’s good reason for that. The agency says it cannot keep…