Trump's Tax Plan

President elect  Trump discussed several changes to our taxes while he was campaigning. Below are some of the highlights: 1. Top individual rate of 33% 2. Top capital gains rate of 20% 3. Top corporate rate of 15% 4. Repeal of estate tax 5. Eliminate AMT 6. Increase standard deductions to $15,000 single and $30,000 joint 7. Eliminate personal exemptions 8. Cap itemized deductions at $100,000 single and $200,000 joint and 8. deduction for childcare and eldercare.