gains

Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law. Supports a 25% wealth tax on unrealized gains

Vice President Kamala Harris has proposed raising the corporate tax rate to 28%, marking her first significant revenue-raising initiative as the Democratic presidential nominee. This move is aimed at financing the ambitious plans she has outlined for her presidency. Harris’s campaign spokesperson, James Singer, emphasized that this tax hike is a “fiscally responsible” measure to …

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Kamala Harris’s 2025 capital gains tax would be the highest in over 100 years.

Kamala Harris's 2025 capital gains tax would be the highest in over 100 years. Everyone will be selling everything in 2024 and the economy will implode. https://t.co/gKC472uJgz pic.twitter.com/xqNqaWaoG0 — Financelot (@FinanceLancelot) August 20, 2024 45% will destroy lives. Work an entire life to finally have a single stock options payout and Kamala takes half plus …

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“Short sellers are in danger of extinction after crushing stock gains,” per Bloommberg:

Short sellers are facing significant challenges amid a historic equity rally. Regulatory pressures and retail traders squeezing stocks, such as GameStop Corp, have intensified the situation. Many short sellers are now opting to exit their positions rather than continuing to fight the market trends. Bloomberg’s Denitsa Tsekova discussed this phenomenon on “Bloomberg Markets”  "Short sellers …

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Nvidia drives ~43% of S&P 500’s YTD gains; market resembles 2008, overvalued stocks.

Nvidia accounts for a staggering 43% of the S&P 500’s gains year-to-date, highlighting the dismal breadth of the market. Many stocks are down while tech continues to monopolize attention, reminiscent of the unsettling patterns seen in 2008. If you’re bullish and believe the Fed will cut rates soon, you must recognize that stocks are now …

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Biden proposes highest-ever 44.6% capital gains tax, plus 25% tax on unrealized gains for wealthy.

The specter of taxing unrealized capital gains looms large, evoking incredulity and alarm from critics who decry its potential economic havoc. With proposals for compounding taxes annually, the notion of siphoning 25% of potential growth before it even materializes strikes fear into the heart of economic stability. Amidst assurances that such measures target the wealthy, …

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Biden proposes highest capital gains tax at 44.6% in FY2025 Budget.

Biden just proposed the highest capital gains tax in history pic.twitter.com/CuiDXbJum6 — Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) April 24, 2024 President Biden’s Budget proposal for Fiscal Year 2025 has ignited intense debate and scrutiny, particularly regarding plans to raise capital gains rates. The proposed increase to 44.6% has drawn widespread attention, but a …

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Inflation surge imminent as M2 growth hints, Biden’s proposed 44% Capital Gains Tax shocks; gold soars.

Last year’s warnings echo louder as M2 data forecasts inflation surge, dismissing deflation fears. In Florida, over half of renter households strain under excessive rent burdens. Brace for wealth erosion as Biden’s historic Capital Gains Tax proposal looms, while gold’s ascent prompts speculation of $3,000 per ounce. In situations where the government runs record deficits …

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What could go wrong? US considers sending more military advisers to Ukraine amidst Russia’s escalating momentum.

via politico: The U.S. is considering sending additional military advisers to the embassy in Kyiv, the latest show of American commitment to Ukraine as Russia appears to be gaining momentum in the two-year conflict. The advisers would not be in a combat role, but rather would advise and support the Ukrainian government and military, according …

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If you open a Roth IRA at 18 and invest $100/week into an S&P 500 index fund until you’re 40, you should have $500,000 tax-free. You’ll only spend $100,000 of your own cash and the gains are due to compounding returns. This is the power of time.

by TonyLiberty If you open a Roth IRA at 18 and invest $100/week into an S&P 500 index fund until you’re 40, you should have $500,000 tax-free. You’ll only spend $100,000 of your own cash and the gains are due to compounding returns. This is the power of time.  

New Bloomberg Morning Consult Poll for AZ, NV, GA, NC, MI, WI, and PA. Topline numbers are getting tighter. Biden now leads in WI, tied in MI and PA. Biden gains ground in all 7 battleground states.

🇺🇲 2024 GE: Bloomberg/Morning Consult GEORGIA🟥 Trump 49% (+7)🟦 Biden 42%.ARIZONA 🟥 Trump 48% (+5)🟦 Biden 43%.NEVADA🟥 Trump 46% (+2)🟦 Biden 44%.NORTH CAROLINA🟥 Trump 49% (+6)🟦 Biden 43%.PENNSYLVANIA 🟦 Biden 45% 🟥 Trump 45%.MICHIGAN🟦 Biden 45%🟥… — InteractivePolls (@IAPolls2022) March 26, 2024 President Biden has narrowed the gap against former President Trump in six out …

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Berkshire Hathaway Q4 operating earnings climb 28%, cash pile tops $167B… Warren Buffett admits Berkshire’s days of ‘eye-popping’ gains are over

Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) Q4 operating earnings rose 28% from a year ago, driven by improvements in insurance underwriting and investment income, which more than offset declines at its railroad, utilities and energy, and other businesses. The company doubled the amount of its common stock it repurchased to $2.2B during the quarter compared with $1.1B …

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2023 Bonus Trends: Tech Gains 3.8%, Tourism Takes a Hit With 36% Cut… Shifting Dynamics in Compensation Across Industries

In the bonus landscape of 2023, every industry tightened its belt, offering smaller bonuses across the board. Technology firms saw a modest 3.8% increase, while the tourism and transportation sector took a hit with a substantial 36% reduction. The echoes of financial adjustments reverberated across diverse sectors, shaping the compensation narrative for the year. Every …

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Boeing Stock Plummets 8% as FAA Orders Grounding of 737 Max 9 Fleet, Airbus Gains Amidst Safety Concerns

Shares of Boeing fell in premarket trade Monday, as markets digested the news that the Federal Aviation Administration had ordered a temporary grounding of dozens of Boeing 737 Max 9 aircraft. Shares were down 8% shortly after premarket trading opened at 4 a.m. ET. Of the 171 aircraft grounded under the directive, United Airlines has …

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MEDIA BLACKOUT: Russian forces claim significant gains in Donetsk and Maryinka; media blackout raises concerns for Ukraine.

Acknowledging a potential Ukrainian surrender, Russian forces reportedly advance, taking significant territories. Concerns heighten amid media blackout. NEW: Ukrainian surrender may be imminent, Russian Defense Minister is now reporting military forces have taken most of Donetsk and all of Maryinka. MEDIA BLACKOUT. This is a devastating development for Ukraine if Shoigu’s claims are accurate. pic.twitter.com/Lz2zL6keUG …

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Supreme Court hears case involving IRS taxation of UNREALIZED gains, meaning you’d have to pay more taxes every time an unsold asset gains value

via naturalnews: There is a case before the Supreme Court right now that, depending on the direction it takes, could allow the Internal Revenue Service (IRS) to begin taxing unrealized capital gains in addition to realized capital gains. Moore v. the United States technically deals with a different issue involving a couple that was taxed by the IRS for unrealized gains overseas. It …

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Crucial Subpoenas for Hunter and James Biden Signal a Turning Tide: Swamp Draining Gains Momentum Post Kevin McCarthy’s Departur

In a notable development, subpoenas for Hunter Biden and James Biden have been issued, a significant move that is not lost on observers. The timing, following Kevin McCarthy’s departure, suggests a potential shift in the dynamics of the political landscape. This move is seen as a step toward draining the metaphorical swamp, signaling a potential …

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Bidenomics Sparks Voter Concern as Trump Gains Electoral Ground: Economy Takes Center Stage in Latest Projections

The latest electoral projections from The New York Times and CBS paint a striking picture, indicating that if the election were held today, former President Trump would likely secure over 300 electoral votes. This is a significant shift from the 2020 election results, showcasing an 8-point swing in favor of Trump. The driving force behind …

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Over 100% of the S&P 500’s Net Income growth is from the Big 7; Only 10 stocks in the S&P 500 make up 90% of its gains this year

by mrmrmrj A mere 7 corporate giants are single-handedly generating over 100% of the S&P 500’s profit growth, with a mere 10 stocks shouldering 90% of the market’s gains this year. This high level of dependence on a select few raises red flags, as the fate of these companies now dictates the health of the …

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Support For A New Third Party Gains Ground

by Michael The 2024 election cycle is likely to be the most chaotic election cycle that we have ever seen.  So will this create an opportunity for a new third party to try to pull off a historic upset?  Unless something really dramatic happens, Joe Biden will be the Democratic nominee and Donald Trump will …

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AI is a 100% Silicon Valley/Wall Street/CNBS manufactured scam…. NVDA gives up earnings gains

AI is a 100% Silicon Valley/Wall Street/CNBS manufactured scam. Europe is negative, the Dow will likely open negative. Here is what it looks like when cyclicals get monkey hammered by Powell and the AI hype cycle. pic.twitter.com/1C7OxH5ZTn — Mac10 (@SuburbanDrone) August 24, 2023 $NVDA gives up earnings gains pic.twitter.com/T2AnqRuwzA — Don Johnson (@DonMiami3) August 24, …

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Republicans Little Red Book! New York, California Tax Revenue Tumbles Amid Exodus To Blue States (Red States FLA, TX Show Incredible Gains In Tax Revenue)

by confoundedinterest17 The Republicans’ little red book is showing people escaping big crime and tax states like New York and California for lower tax, lower crime states like Florida and Texas. But to Democrats who are really bad at math, 7+7 = 0? Most people are already familiar with the mass migration from the Democratic strongholds of …

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New York, California see tax revenues fall by double digits while Florida and Texas see massive gains

via naturalnews: The reported tax revenues of New York and California are reeling as more and more people flee their respective states for more low-tax locales like Florida and Texas, both of which are consequently seeing surges in tax revenues.   This is according to data compiled by the Urban-Brookings Tax Policy Center, a Washingt0n, D.C.-based think tank …

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