WH: Trump Pushing for 15% Corporate Tax Rate and Repeal 3.8% NIIT

April 26, 2017 / Amanda Wilson / 0 Comments

The White House announced today that reducing the corporate income tax rate to 15% and repealing the 3.8 % net investment income tax are top priorities for tax reform. The 3.8% NIIT was implemented as part of ACA/Obamacare and apply to passive income (e.g., interest, dividends, capital gains) received by high net worth individuals.

It is unclear whether President Trump will be more successful in tackling tax reform than he was in repealing ACA/Obamacare. Stay tuned!

Categories: Government

Tags: 15, 3.8, aca, affordable care act, amanda wilson, corporate tax, internal revenue, lowndes, national tax attorney, net investment income tax, obama, obamacare, orlando tax attorney, president, tax reform, trump

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WH: Trump Pushing for 15% Corporate Tax Rate and Repeal 3.8% NIIT

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