With fewer than 60 days until the election, investors may feel stressed by the flurry of tax policy proposals.
Democratic presidential nominee Vice President Kamala Harris has plans for middle-class tax cuts while raising levies on the wealthiest Americans and corporations.
Meanwhile, former President Donald Trump, the Republican nominee, aims to extend tax breaks enacted during his first term and end taxes on Social Security benefits.
How it compares to recent historyBut there's a big difference between a candidate's tax idea or proposal and signed legislation.
"All sorts of things are in presidential budgets that don't get enacted," said CFP and financial therapist Rick Kahler, president of Kahler Financial Group in Rapid City, South Dakota.
Persons:
Donald Trump, Kamala Harris, Trump, Louis Barajas, —, Harris, Rick Kahler
Organizations:
Republican, Democratic, U.S, New York Young Republican Club, Social Security, International Private Wealth, Finance, Kahler
Locations:
New York City, U.S, Irvine , California, Rapid City , South Dakota