What do you think of Trumps tax reform proposal?

I think it sounds smart, simple and doable.

Read it here

Here is a snippet…

In particular, I am proposing ending the current treatment of carried interest for hedge funds and other speculative partnerships that do not grow businesses or create jobs.

The first goal of the plan will be to provide tax relief. If you are a single person making less than $25,000 or married or filing jointly and earning less than $50,000, you will not owe any income tax. This will remove some 75 million households from the income-tax rolls.

Second, the tax code will be simplified. Instead of multiple tax brackets with multiple variations, there will be only four brackets: 0%, 10%, 20% and 25%. This new code eliminates the marriage penalty and the alternative minimum tax while providing the lowest tax rates since before World War II. Further, this plan eliminates the death tax, thus allowing families to keep what has been earned.

As a business owner I am particularly excited about this part of his proposal….

“My plan states that any business of any size will pay no more than 15% of its business income in taxes. This low rate will make corporate inversions unnecessary and will make America one of the most competitive markets in the world. This plan will also require companies with capital offshore to bring that money back to the U.S. at a repatriation rate of only 10%. Right now, the money is not being brought back because the tax is so high.”