Tax Planning Under Trump
[{"sender": "Richard Kahn", "recipients": ["jeffrey E. [jeevacation@gmail.com]"], "timestamp": "11/29/2016 3:37:46 PM", "subject": "Tax Planning Under Trump", "body": "not sure your thoughts on likelihood of his plan (with very little details) passing\n\nmy concern and thoughts are that if itemized deductions are capped at 200,000 you will be impacted by Trump\nplan\n\nyour itemized deductions on the last 2 years returns were as follows:\n\n2015 1,721,474\n2014 739,139\n\nthe two biggest items on your itemized are RE Taxes of approximately 600,000 per year and investment interest\nexpense from STC K-1 with the majority coming from boothbay\n\ni thought that 2016 may be a good year to contribute appreciated stock to gratitude or enhanced for three\nreasons:\n\na) potential cap on itemized per trump\nb) very low EDC income this year so your effective tax rate is higher\nc) if itemized stays however tax rates go down charitable deduction is worth more in 2016\n\nGratitude & Enhanced Summary\nCash 4,738,854\n\nEquities 3,792,177\n\nFixed Income 2,199,792\n\nTotal Value as of 10-31-2016 10,730,823\n\nAlthough calculation below does not factor in growth i ran summaries how long foundations can continue to\nmake annual contributions at the following levels:\n\n600,000 17.88 years\n700,000 15.33 years\n800,000 13.41 years\n900,000 11.92 years\n1,000,000 10.73 years\n\nhttp://smolin.com/tax-planning-trump/?utm_medium=email& hsenc=p2ANqtz-9cVvrtlu7t-\n\nPS2aTSDot_MfPqLyf5nz-\nHEqoO0HZ2p1m4IPpx20fWoK VEtA4 VNoa5 V7IK OjpCBUneb1DWflemNH1V25wglIpsR66ZSueRTahNjres8\n\n& hsmi=38093530&utm content=38093530&utm source=hs email&hsCtaTracking=04 192ff7-d8f4-4bdc-\n\nac61-36ac99f6aa45%7C5 15b98b3-dbce-47cd-87ad-20d95c646158"}]