Displaying items by tag: stimulus

Tuesday, 23 November 2021 18:13

Rich Clients May Get a Big Tax Cut from Biden

The $2 trillion Build Back Bill pushed through a contested House of Representatives last week and the climate and social-focused stimulus bill have a complicated tax code in order to garner support. BBB features a dynamic tax system with moving parts that evolves as years develop. Most significant of which is a tax break of about 5.4% relative to current legislation for those earning more than $1 million a year. This tax breaks scales down in income down to $75k, but spikes below that. However, this tax break is very temporary as the lion’s share of the legislation will be paid by higher income individuals. There are other benefits for the rich such as SALT relief, but by and large, starting in 2023 higher corporate taxes and a bump in personal income taxes of 5% will begin to take effect.


FINSUM: Biden’s BBB could be a bad storm of events for the economy where stimulus boosts inflation and higher taxes keep markets and real growth from keeping up.

Published in Wealth Management
Monday, 12 July 2021 20:19

Chinese Central Bank Floods the Market

(Beijing)

Much of the attention has been on the Fed and how they will respond to the U.S. economy, but…see the full story on our partner Magnifi’s site.

Published in Eq: Asia

(New York)

ESG has already taken the financial world, nearly dominating every other headline over the past couple of years…see the full story on our partner Magnifi’s site

Published in Eq: Industrials

(New York)

Gold had one of its biggest runs last August, but gold stocks and ETFs have been the real…see the full story on our partner Magnifi’s site

Published in Comm: Precious
Wednesday, 17 March 2021 16:36

How to Adapt as China Pulls the Reins on Stimulus

(Beijing)

The U.S. is set to ramp up its stimulus efforts as it passes the Biden Administrations' $1.9 trillion covid relief package. China, however…view the full story on our partner Magnifi’s site

Published in Eq: Asia
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