Who Wins From the Election, on One Page

Selling a business. The election did not change the 2025 tax law (Pub. L. 119-21), including the 20% pass-through deduction and the $15 million estate exemption for 2026, indexed after [2]. A change must pass both chambers, then be signed, go unsigned 10 days (Sundays excepted) in session, or survive a two-thirds veto override [3]. Stock acquired after July 4, 2025: 50% of gain excluded at three years, 75% at four, 100% at five; the per-company limit is the greater of $15 million ($10 million for earlier shares) or 10 times basis [2][4]. Ask: which rules apply to each block of our shares?

Family offices and investors. The state projects $7.1 billion and $3.4 billion surpluses, then a $1.0 billion deficit in 2029-30 [5]. Amendment 3 is estimated to reduce local collections by $4.93 billion in 2027-28 at unchanged rates, including Palm Beach $418.1 million [6]. Ask: which of our local bonds are repaid from property taxes?

Developers and landowners. From Jan. 1, 2027, non-homestead assessments may rise 5% a year, not 10%; after "a change of ownership or control, as defined by general law," property is reassessed at just value [7]. Impact fee increases are capped at 50%, phased in, unless a local government documents extraordinary circumstances and votes unanimously [8]. Public utility tariffs must reasonably ensure sites of 50 megawatts or more bear their full cost of service [9]. Ask: which parcels still need a local approval?

New residents and their advisers. The Dec. 31, 2026 residence test sets which 2027 non-school exemption an otherwise eligible applicant may receive: $150,000, or $50,000 for four years [7]. Eligibility also requires owning the home on Jan. 1 and filing by March 1 [10][11]. The gap is exempt value: about $1,000 of tax in 2027 and $2,000 in 2028 at an illustrative 10 mills. Ask: what facts establish our Florida residence on Dec. 31?

Physicians and professionals. For 2026, the pass-through deduction on medical, legal and accounting income phases out between $403,500 and $553,500 of joint taxable income [12][13]. Capital gains and dividend rates are unchanged [14][3]. A rental gets the same cap and reset; improvements are assessed as general law provides [7]. Above 400% of the poverty line there is no marketplace credit [15]. Ask: what does our reported income do to coverage costs before 65?

Dates: Nov. 17 certification [1] · Dec. 11 funding deadline [16] · Dec. 31 residency date [7] · Jan. 1 new exemption and cap [7] · March 1 homestead filing [11].