November 16, 2017
CNBC News
NBC News asked Marcum to analyze the impact of the House Tax Cuts & Jobs Act on the 2005 federal tax return of Donald Trump, and reported the Firm's findings.
By Mark Murray
Featured: Maury Cartine, Partner-in-Charge, Tax Services, New York
Excerpt:
But based on a known 2005 return of Trump's taxes, Maury Cartine, a tax expert at Marcum LLP, says the House legislation would have saved the president more than $31 million in the Alternative Minimum Tax he paid that year " because the bill repeals that tax.
"The repeal of the Alternative Minimum Tax would result in an initial federal income tax savings of $31,261,179,"� Cartine said in analyzing the House bill based upon Trump's 2005 tax return.
HAVE A QUESTION? ASK MARCUM
Privacy Policy