Wealth managers handling the business assets of individuals with high and ultra high net worth, will face new challenges starting this tax year 2021 and onwards. Aside from tax policy changes being proposed by the Biden administration, a new bill aimed at changing the IRS’ audit behavior toward the tax returns of wealthy taxpayers will also be introduced. Given that Democratic party lawmakers now have the majority numbers in both lower and upper houses of Congress, all bills proposing such tax policy changes will likely be enacted. Now more than ever, choosing the right financial advisor to handle one’s tax …
Month: February 2021
Tesla’s $1.5 Bitcoin Investment Sparked Greater Interest for Bitcoin Mining
In an SEC filing last Feb. 08, Elon Musk’s Tesla stated investing $1.5 billion in bitcoins, in line with the company’s future plans of accepting BTC payments. Naturally, Tesla’s move had further boosted bitcoin’s price, bringing it to a record high of $46,800. This new development has sparked greater interest in bitcoin mining, being a more affordable approach to increasing one’s crypto assets. However, those new to bitcoin are unaware that such development is also expected to further increase difficulty in mining the world’s most popular cryptocurrency. While learning to mine bitcoins may be easy, there is more to understand …
Sen. Warren to Continue Pushing for Wealth Tax as Member of Senate Finance Committee
Despite not winning the Democratic presidential nomination, Sen. Elizabeth Warren says she will still push for her radical campaign calls for Wealth Tax. Last Tuesday, February 02, Senator Warren confirmed that she will soon be joining the Senate Finance Committee. The committee membership is considered a choice assignment since she will have greater ability to push for a tax legislation that will impose levy on amassed wealth amounting to more than $50 million. In fact her announcement served as an ominous warning to the super rich, saying that introducing a WealthTax will her first order of business. During President Biden’s …
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- Charli XCX “Brat” Branding of Kamala Harris Sends Campaign Contributions Soaring to Record-Breaking LevelsKamala Harris’ campaign team reported that as of the end July, 2024, “the Brat” raised as much as $310 million to date since Harris entered the US presidential race as a presumptive nominee. On day one of being nominated by Pres. Joe Biden after the latter formally withdrew his candidacy, VP Kamala Harris has garnered […]
- Bridging Finance and Politics: The Influence of YouTube LikesThe intersection of finance and politics on YouTube is a dynamic space. Videos covering financial policies, economic reforms, and political decisions can attract significant engagement. YouTube likes play a critical role in this process, helping to amplify the reach and impact of such content. Some channels consider the option to buy YouTube likes to increase […]
