One of the biggest talking points and policy promises of President Trump’s campaign has become the subject of tax reform. Promising to make H&R Block (HRB ) obsolete and go out of business, Trump’s plan is designed to significantly improve the tax code and reduce overall taxes for most Americans. That’s the hope, anyway.
And while income tax rates are the prime focus of his program, investment income taxes get plenty of air time as well. The changes here could be the most significant piece of Trump’s tax plan and affect a broad range of retirees. So much so, it could completely change how we receive income from our portfolios.
Passage could be difficult, but it’s never too early to plan for or to imagine the possibility of Trump’s tax reforms. They could come true in some form.
