It looks like you're new here. If you want to get involved, click one of these buttons!
Definitely beware the bold claims when they're paid testimonials and rigged numbers.The company had told clients using the service that it would monitor all clients’ accounts for transactions that might trigger a sale of securities that would diminish the benefits of the tax-loss strategy but it failed to do so, the SEC alleged.
For a period of over three years these sales occurred in at least 31 percent of accounts enrolled in the company’s tax-loss harvesting strategy, the SEC alleged.
[The SEC also claimed that Wealthfront paid bloggers for client referrals w/o disclosure, and that it posted performance figures that included less than 4% of their clients' accounts - the better performing ones, of course.]
Maybe that elite minority is better able to articulate and propagate their case to the masses? It’s not uncommon for Great Lakes coastal resort communities to invest millions of state / local tax dollars on amenities like public marinas for the “high-flyers” who visit the area 2-3 months of the year, while ignoring basic infrastructure and services for the less affluent locals residing only blocks away from all that extravagance. The contrast in many communities is stunning.”Maybe it is who we are as a culture or, maybe, a species. Do we really worry more about the wealthy and their businesses and farms (or the profit derived from them) than about food for the young? At the minimum, don't you find it interesting that taxing large estates bring more panic to the average American than cutting food stamps?”
Nothing makes more sense than the estate tax if you believe in American individualism and democracy, that people should make their own way in their the world and earn their keep instead of being coddled by the government or family wealth. It’s not a “tax on success” as the heirs didn’t actually produce the wealth they’re inheriting. If anything a high estate tax would force them to work hard and make their own way in the world. Moreover, massive inheritance is a threat to democracy as it concentrates power in a few families like kings or queens for generations in perpetuity. Yet nothing is more ridiculously maligned in the conservative press as this article illustrates. It’s a non-threat, a bogeyman that for 99.5% of right wing Americans with delusions of grandeur will never affect them.Here is the real shocker: there are 6 million small businesses and 2 million family-owned farms in America. In the last year of the old law in 2017, only 80 small businesses and farms nationwide faced any estate tax.
© 2015 Mutual Fund Observer. All rights reserved.
© 2015 Mutual Fund Observer. All rights reserved. Powered by Vanilla
