Democrats like Elizabeth Warren and Bernie Sanders are proposing an annual tax on wealth (all assets, not just income) aimed at the richest Americans. Under this plan, Americans with more than $50 million in assets would be taxed 2 percent on their net worth, while billionaires would be taxed 3 percent on their net worth. Since there …
Most Democrats are pushing controversial proposals to tax the rich. They claim the money would help pay for many things, including: Health care for all A federal childcare program Larger tax credits for the poor and middle-class Climate change action Look, these liberal tax-and-spend proposals sound great. But they don’t look so good when you …
Now that tax season has passed, it’s a good time to look at the performance of President Trump’s tax reforms. Prior to him taking office, the corporate tax structure in the U.S. had plenty of firms shifting profits overseas and parking them there as long as possible. The 35-percent tax rate on domestic corporate income …
Last month, volatility returned to the market. It had been a while – 13 straight months of positive returns will do that. Some think it’s a sign of future doom and gloom. Others think it’s a minor course correction on an otherwise solid path. I see reasons for both points of view. On the positive …
Americans are leaving high-tax states in droves. Over the past decade, 5 million Americans have relocated from high-tax states to low- or no-tax states. And it’s not weather or jobs – it’s taxes. None of the ten highest tax states voted Republican, while only three of the 10 lowest tax states voted for Hillary Clinton. From 2007 …
The mainstream media narrative around our economy goes something like this…growth is taking off after all the stimulus, full employment, rising wages, consumer purchasing, tax cuts, deregulation, and overall business prosperity. Sidebars include how limited resources have the economy maxed out in terms of output, and inflation is pushing interest rates upward. Both of these …
The tax bill isn’t perfect, we can all admit that, especially on the individual side of things. But, I think the business cuts will prove fruitful for years, ushering in growth in the 3 or 4 percent range, which used to be the norm. It could be even higher if things work better than expected. The …
Some say the new tax reform bills only amount to a tax cut for the richest Americans. But what seldom gets mentioned about these bills is, that while there are tax cuts for Americans of all income levels, an additional tax bracket is in play for the rich. Part of the reform package is a …
The focus changes daily in Washington, but there is one matter that seems to capture everyone’s attention regularly – tax reform. Both bodies of Congress have presented competing bills, and the gulf between seems wide. But before debating the merits of either bill, there’s a key question that should be answered first. That is, who pays …
Andrew Wood, Dan Simon, and Alison Slezark are investment advisory representatives of and provides advisory services through CoreCap Advisors, LLC. Dan White & Associates, LLC and CoreCap Advisors, LLC are separate and unaffiliated entities. Logos as displayed herein are not intended to imply any endorsement by the owners of such logos of Dan White & Associates.
