Andy discusses the impact of the new tax law on individuals and families.
Jeff updates an audience on the new normal that is Washington D.C., status of the healthcare debate, fiscal realities facing our country, tax reform and the opportunities that tax changes may present investors.
Winners & losers in the border wall deal: http://ow. ow.ly/8zHV30nIgGW ly/ONiP30nIgh7
So where might POTUS find money to build the wall under the national emergency declaration? ow.ly/hFyX30nIgog
What will the Dems next move be?
Why A Wealth Tax Has No Chance:
Speaking at the Investment & Wealth Institute's annual Investment Advisor conference, Andy Friedman discusses the future direction of tax rates and why it would be difficult to implement an annual tax on wealth. ow.ly/yUkt30nGVkg
Medicare for all update: ow.ly/e1Zp30nFZrV
It's often said that politics is a money game. So what do we hear from big Dem donors,"Just looking, thank you.": ow.ly/6Kgu30nFZw2
Biden, assuming he runs, may find softer support than expected: ow.ly/wfuq30nFZzh
Tax refund update: Interesting data from the US Treasury. Year over year refunds are only down 8.4%. Again, this is primarily a withholding issue. Understand, this is a very small sample size. We'll know more in late April & much more in late September.
Many outraged their tax refunds are lower or they actually owe taxes for the first time! This was predicted by us and others.
Also, high income W-2 earners, in high tax states who own pricey personal real estate will pay more in taxes under new code.