Document Text Content
From: Richard Kahn
Sent: 11/29/2016 3:37:46 PM
To: jeffrey E. [jeeyacation@gmail.com]
Subject: Tax Planning Under Trump
Importance: High
not sure your thoughts on likelihood of his plan (with very little details) passing
my concern and thoughts are that if itemized deductions are capped at 200,000 you will be impacted by Trump
plan
your itemized deductions on the last 2 years returns were as follows:
2015 1,721,474
2014 739,139
the two biggest items on your itemized are RE Taxes of approximately 600,000 per year and investment interest
expense from STC K-1 with the majority coming from boothbay
i thought that 2016 may be a good year to contribute appreciated stock to gratitude or enhanced for three
reasons:
a) potential cap on itemized per trump
b) very low EDC income this year so your effective tax rate is higher
c) if itemized stays however tax rates go down charitable deduction is worth more in 2016
Gratitude & Enhanced Summary
Cash 4,738,854
Equities 3,792,177
Fixed Income 2,199,792
Total Value as of 10-31-2016 10,730,823
Although calculation below does not factor in growth i ran summaries how long foundations can continue to
make annual contributions at the following levels:
600,000 17.88 years
700,000 15.33 years
800,000 13.41 years
900,000 11.92 years
1,000,000 10.73 years
http://smolin.com/tax-planning-trump/?utm medium=email& hsenc=p2ANqtz-9cVvrtlu7t-
PS2aTSDot MfPqLyf5nz-
HEqo0OHZ2p1m4IPpx2ofWoKVEtA4VNoa5V7IKOjpCBUneblDWflemNH1V25wqIpsR66ZSueRTahNjres8
& hsmi=38093530&utm content=38093530&utm source=hs email&hsCtaTracking=04192ff7-d8f4-4bdc-
ac61-36ac99f6aa45%7C515b98b3-dbce-47cd-87ad-20d95c646158
HOUSE OVERSIGHT 026635
Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor
New York, NY 10022
tel
fa,
cell
HOUSE OVERSIGHT 026636