KEY POINTS Wealthy families could face combined tax rates of as much as 61% on inherited wealth under President Joe Biden’s tax plan, according to a recent analysis. Biden’s plan proposes to nearly double the top tax rate on capital gains and eliminate a tax benefit...
(CNN) If you’ve got a car you don’t use very much, congratulations. You’ve got gold in your garage. With the auto industry thrown into disarray by shortages of computer chips and other components needed to build cars and trucks, shoppers are...
Politicians never seem to have much trouble telling us they want to raise taxes. It seems to come as naturally to them as breathing does to the rest of us. They do their level best to keep the spotlight on “the rich,” of course, who they say must “pay their fair...
FAAMG (Facebook, Apple, Amazon, Microsoft, Google) had absolutely monster Q1s. Here’s a breakdown. Last week, we saw the latest quarterly results for the (unfortunately named) FAAMG Big Tech companies. For the uninitiated, that acronym is collectively worth $8T+: FB,...
The S+P 500 stock index hit All-Time Highs in February 2020 but tumbled ~35% within the next five weeks as the virus contagion shattered investor confidence. Central banks and governments launched unprecedented monetary and fiscal stimulus to counteract the effects...