Real Estate and Construction Newsletter May 2017
What President Trump’s Proposed Tax Cuts Mean to the Real Estate Industry
Carried Interest – The President’s proposal outlines the elimination of ‘targeted tax breaks that mainly benefit the wealthiest taxpayers’. During his campaign, President Trump mentioned eliminating carried interest. Even under the President’s proposed reduced maximum tax bracket of 35%, a change to carried interest rules would result in a 15 – 20% tax increase for investment fund managers currently utilizing this strategy.