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With less than two months away until the presidential election, President Donald Trump, the Republicans’ choice for another term, and Former Vice President Joe Biden, the Democratic nominee, are in the home stretch of making their cases to voters. Come Nov. 3, 2020, changes may be on the horizon based on each candidate’s differing views on popular tax policies. I have been working with the CPA Firm Doeren Mayhew’s tax advisors break down each policy, equipping you with the tax information you need to know before casting your ballot on voting day.
Depending on the candidate elected for the presidency, there may be tax repercussions for both individuals and businesses. Before you cast your vote on Nov. 3, be sure to evaluate the candidates’ tax policies to learn how you and your business could be affected. If you have questions about President Trump or Former Vice President Biden’s proposed tax policies’ potential impacts on your unique situation, please feel free to contact your financial advisor at STA Wealth or a member of the CPA and advisory team at Doeren Mayhew.
This is for informational purposes. The information was prepared by STA Wealth Management and Doeren Mayhew CPA’s and Advisors this information has not been independently verified by a third party. STA Wealth Management LLC is not an affiliate of Doeren Mayhew CPAs and Advisors, their offerings, nor their management team.
Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security or product. Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by STA Wealth Management, LLC), or any non-investment related content, made reference to directly or indirectly during this event will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation or prove successful. Moreover, you should not assume that any discussion or information presented serves as the receipt of, or as a substitute for, personalized investment advice from STA Wealth Management, LLC. To the extent that any recipient has any questions regarding the applicability of any specific issue discussed, he/she is encouraged to consult with the professional advisor or CPA of his/her choosing.