When the Tax Cut and Jobs Act (TCJA or Act) was passed in December 2017, many high net worth individuals and families were ecstatic. The new laws provided for a doubling of the federal estate, gift and GST tax exemption amounts, as well as the continuation of both the spousal portability provision and the step-up
The drums sound as to income and wealth inequality as an issue for the 2020 Democratic Presidential primaries. The loudest voices calling for increasing taxes on owners, investors and entrepreneurs – with a view that raising taxes on high-end income families is a good in of itself. All this jawing on hiking taxes on owners/investors/entrepreneurs
Share to facebook Share to twitter Share to linkedin Historic Powell-Hyde cable car climbing up steep hill in central San Francisco with famous Alcatraz Island in the background on a sunny day with blue sky, USA. Getty In the 12 months from June 2018 to June 2019, the real, inflation-adjusted prices of houses in Seattle
Getty Images North America Peloton, best known for at-home fitness equipment and accompanying streaming fitness services, revealed Tuesday growing sales but widening losses ahead of its IPO, in documents filed with regulators. Peloton reported $915 million in sales for fiscal year ended June 30, 2019, up 110% from $435 million in fiscal 2018. In fiscal
Trader on the floor of the New York Stock Exchange. Lucas Jackson | Reuters For the first time since the financial crisis, stocks are earning more for investors than key long-term Treasury bond. The U.S. 30-year yield dropped below the S&P 500‘s dividend yield on Tuesday. It’s the first time since March of 2009 —