At Least One Top Hedge Fund Manager Favors Trump’s Tax Plan
The tax questions continue to grow as the country waits for President-Elect Donald Trump to be sworn in, in just a few more days. Of course, there is much debate as to whether or not Trump’s tax policies will help or hurt our country and it’s overall economy. The nation is as divided over that issue as they were during the election.
One group that is watching this debate closely is hedge fund managers. In fact, at least one major hedge fund manager who has already taken a hit since Trump won the election is still sure that a Trump presidency will be good for the nation’s financial position. Nelson Peltz, who owns Mondelez, which has dropped 10 percent since the election, is still certain that Trump will be good for the economy.
Peltz believes that if Trump is able to enact the tax reductions and changes that he has proposed the country will see improved employment and more companies moving their operations and revenue back to the U.S. In fact, even though Trump has been critical of Mondelez-owned companies such as Chips Ahoy!, for moving jobs to Mexico, Peltz still likes the potential benefits that Trump’s tax plans bring to the country.
http://www.forbes.com/sites/janetnovack/2016/12/01/how-much-will-trump-cut-taxes-for-top-400-well-never-know-as-irs-ends-400-report/#1acdd9db1795
Federal Government Looking for Ways to Get to Retirement Funds
Just when you thought your retirement account was safe from the federal government, think again. That’s’ because according to the Government Accountability Office, there are around 9,000 U.S. taxpayers who have a minimum of $5 million in an individual retirement account. Now some lawmakers are taking a closer look at these accounts because as Senate…
An Artistic Way to Pay Your Taxes
Many wealthy individuals enjoy collecting things, including artwork. While artwork can be a source of income for some, as well as solely a collectible for others, it can’t be used it to pay your taxes. Well, at least not in the United States, anyways. However, there are some countries in which artwork is a completely…
Life Is Not Fair – Neither Is Every State Tax System
Life Is Not Fair – Neither Is Every State Tax System We all know that life isn’t fair, and that means that many specific aspects of life aren’t fair either. Of course, according to most people taxes always fall into the unfair category as well. So just how fair or unfair are your taxes? No,…
When Is the Best Time to Exercise Those Stock Options?
We hear about stock options all the time in the news. It seems like anytime a big company is involved in some sort of financial transaction the term “stock options” is thrown around at some point. First off, stock options are an option given to a person, usually an employee, to purchase stock in a…