Brad Reifler is a well-known serial entrepreneur, with tons of credits on Wikipedia, who is based in the United States. Reifler is also an investment advisor who has helped many entrepreneurs in making sound investment decisions. He is the founder of Pali Capital, Forefront Income Trust and Forefront Group. At the moment, Brad Reifler works as the Chief Executive Officer of Forefront Capital.
The United States will soon be electing their president. According to Brad Reifler’s article, the presidential race is heating up each passing say, and many Americans are wondering how each of the presidential candidate’s plans will change their livelihood. It is, however, impossible to understand the policies of the presidential candidates before they have been put into action. The two most important presidential aspirants have revealed some features factors that might have a lot of impact after their win.
Hilary Clinton and Donald Trump are currently the presidential candidates, and they both claim to simplify the tax code and at the same time make it more accessible to the middle-class American citizen. These candidates have, however; the candidates have not revealed how they would proceed with the simplification process.
Hilary Clinton tax reshaping efforts are expected to be directed to make around one million dollars. Experts in the country say that her plans will affect several areas in the life of the average American. In most of her speeches, Clinton says that she has a keen interest in incorporating some complexity in the process of calculating capital gain taxes. In the past, the capital gain taxes were mostly calculated based on the income bracket of an individual. Using Clinton changes, the capital gains are expected to be taxed according to how long an investor has held them.
On the other hand, her close competitor, Donald Trump wants to simply the taxes for the American citizen by condensing the current tax brackets to form a handful income level. Apart from simplifying how the taxes for the citizens are calculated, Donald Trump has also said that he will increase the limit especially on the deduction for both married and single people. The presidential candidate has also promised to repeal several existing taxes that affect people in the upper class.