Why do the good people Forbes continue to be terrified of female leaders? After including just one woman on their list of the World’s 100 Most Innovative Leaders, the magazine has just published a new story: 'Protect Your Assets From President ewarren.'
What a decade it has been! First, the Fed’s asset reflation that made rich people ridiculously rich. Soon to come, the recoil.
Farmers are sure to be exempt from a wealth tax. They’re already pretty much exempt from income taxes, because they can enjoy nice economic incomes while looking like paupers on Schedule F. Near my suburban home is a family that gets $18 million trimmed from their property tax assessments because their purported profession is cattle farming.
Will Congress double-cross Rothifiers by taxing them on the back end? I don’t think so. It needs to keep those conversions coming.Open the Books amuses us by revealing public sector retirees with $300,000 pensions. What is such a lifetime income stream worth? Probably between $5 million and $10 million. Would the asset ever appear on the form for a wealth tax? No.
If your grandchildren use the 529s on school, you skirt both a wealth tax and the income tax on earnings. If you pull the money back you’ll owe income tax and a small penalty on the earnings, but because the deferral is worth something you won’t come out far behind on income tax, and it’s highly unlikely that a wealth tax would be retroactive.Let’s say you and your spouse, both 65, are contemplating whether to start collecting now.
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Elizabeth Warren is becoming Trump's greatest threatIf Democratic presidential candidates Elizabeth Warren and Joe Biden continue along their current trajectory, President Trump should fear Warren as much, if not more, than Biden, writes Dean Obeidallah for CNNOpinion
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