Why CEOs Are Worried About The Latest Tax Law Changes?
Based on the latest tax law changes, CEOs are getting worried about a potential increase in corporate tax rate from 21% to 26.5%. To make it worse, there are other challenges including the challenge to hire qualified workers and slow recovery from the pandemic. Democrats have proposed a higher corporate tax rate with the intent to use the tax dollars to fund a $3.5 trillion reconciliation bill to tackle US poverty. In addition, Democrats have also proposed adding back the top
Investors Are You Prepared For a Hefty Tax Bill Next Year?
If you have stock investments that are growing and you have been selling them at a gain, you may receive a hefty tax bill next year when you file your taxes for 2020. It is important to note that whenever you gain a profit from the sale of stocks, your gains are subject to capital gain tax. This also includes other assets like cryptocurrencies, bonds, and mutual funds. If you’re a new trader and are worried about a huge tax bill, you may need to consider tax planning to avoid
