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From: Richard Kahn 
Sent: 12/15/2016 5:40:04 PM 
To: jeffrey E. [jeeyacation@gmail.com] 
Subject: Fwd: 2016 Election: Tax Changes Expected 
Attachments: image001.png; Untitled attachment 417590.htm; Tax Alert 2016-5.pdf; Untitled attachment 417593.htm 
Importance: High 
Richard Kahn 
HBRK Associates Inc. 
575 Lexington Avenue 4th Floor 
New York, NY 10022 
tel 212-971-1306 
fax 646-350-0954 
cell 917-414-7584 
Begin forwarded message: 
From: "Ens, Amanda" < 
Subject: 2016 Election: Tax Changes Expected 
Date: December 15, 2016 at 9:51:37 AM EST 
To: Richard Kahn < 
Rich, following up on your question from a while back about this topic. Please find a white paper attached. 
Regards, 
Amanda 
The election of Donald Trump as President is expected to lead to significant tax law changes. The tax changes may come 
in two parts: from the repeal of the Affordable Care Act (ObamaCare) and its related taxes and from comprehensive tax 
reform. Since Republicans will also have majorities in both the House and Senate, such changes could be undertaken 
without bipartisan support. Although it is not yet known exactly what the changes will be or when they would be 
effective, we are issuing this Tax Alert to inform you of changes that are anticipated, based on proposals made during 
the campaign by both President-elect Trump and the House Republicans. We also discuss how these changes may 
impact your planning, both currently and in the future. 
Bank of America Merrill Lynch does not provide tax, accounting, regulatory or legal advice. Please consult your 
advisor as to any tax, accounting, regulatory or legal statements made herein. 
Not a product of Bank of America Merrill Lynch (BofAML) Research and should not be viewed as a research report 
Amanda Ens 
Director 
Bank of America Merrill Lynch 
Merrill Lynch, Pierce, Fenner & Smith Incorporated 
One Bryant Park, 5th Floor, New York, NY 10036 
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