Displaying items by tag: biden

Friday, 23 April 2021 15:32

Biden’s Big New Tax Announcement

(Washington)

Joe Biden jut rocked markets in a big way. Yesterday afternoon, Bloomberg reported that Biden was planning to increase the capital gains tax rate on the wealthiest Americans by double, or up to just under 40%. The same rate as income taxes. Market reversed very sharply, but have been strong today. The tax would only affect Americans earning over $1m per year, which is 0.3% of the population, but taken in conjunction with other proposals to change the basis for capital gains taxes as it concerns inheritance, this is another big step.


FINSUM: The full scale tax overhaul on the wealthy has begun in earnest. Inheritance taxes and now capital gains taxes look likely to soar, with the latter not only on the wealthy. Advisors need to be very mindful of these changes as they disproportionately affect those who employ financial advisors.

Published in Wealth Management
Tuesday, 20 April 2021 18:58

Biden Planning Big New Regulatory Push

(Washington)

The Biden admin is tackling some of the changes made during Trump's administration, particularly to…see the full story on our partner Magnifi’s site

Published in Wealth Management

(Washington)

Treasury Secretary Janet Yellen released bits of the Biden administration's Future Tax plan…see the full story on our partner Magnifi’s site

Published in Eq: Energy

(Chicago)

This infrastructure package is a big deal in many ways. Not only has it been—and will it be—a major market-mover, but the deal is also expansive and intricate in scope. For example, did you know that $100 bn has been specifically earmarked for increasing internet connectivity/infrastructure, which Biden refers to as the new electricity. As one can imagine, this will creative strong returns for firms that specialize in the space. Accordingly, take a look at two stocks: Applied Materials (Nasdaq: AMAT), and American Tower Corporation (REIT) (NYSE: AMT). AMT is a chipmaker and the forthcoming expansion of internet connectivity is seen as a big driver for the chips they make. American Tower is a major provider of 5G broadband, which will be heavily supported the proposed infrastructure package.


FINSUM: If and when it passes, this package is going to be a huge market driver for years to come. These stocks seem like a no-brainer.

Published in Eq: Materials

(Washington)

One of Biden’s most important campaign promises was that he would not raise taxes on the middle class…see the full story on our partner Magnifi’s site

Published in Wealth Management
Page 15 of 25

Contact Us

Newsletter

Subscribe

Subscribe to our daily newsletter

Top
We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…