S&P 500 Spared From Big Tax Hikes
Wall Street, after winning big with President Trump's 2017 tax cuts that cut the corporate income tax rate to 21% from 35%, has largely escaped a big payback under President Biden. That's not for lack of trying.
Biden sought over $2 trillion in tax hikes aimed at corporations and wealthy investors. Hiking the corporate tax rate back to 28% would have raised $900 billion. Biden proposed hiking the top tax rate on capital gains and dividends to 43.4% from 23.8%, raising $400 billion. Tax hikes on foreign corporate income might have raised $1 trillion in the first decade.
But with every Democrat in the 50-50 Senate owning an effective veto, Sen. Joe Manchin relentlessly squashed down Biden's wish list from well over $2 trillion to an estimated cost of $430 billion. Worried that more government profligacy would exacerbate the inflation threat, Manchin recrafted the bill as the Inflation Reduction Act.
In a worst-case scenario, Wall Street strategists said $標普500指數 (.SPX.US)$ earnings could take an 8% haircut, but figured a hit of 3%-4% was more likely. In the end, Goldman Sachs estimates that S&P 500 earnings will be trimmed by about 1.5%. The buyback tax will pare earnings 0.5% and the 15% minimum corporate tax 1%.
The corporate minimum tax targets big companies like $亞馬遜 (AMZN.US)$, which paid a 6% tax rate on U.S. income in 2021. Yet even that provision was shrunk down in 11th-hour negotiations, which preserved the tax advantage of accelerated depreciation for equipment purchases. $花旗集團 (C.US)$ analysts think the 15% minimum tax will cut earnings by just 0.4% next year. $SPDR 標普500指數ETF (SPY.US)$ $納指100ETF-Invesco QQQ Trust (QQQ.US)$
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Violets : 我們所有的税只是説
Giovanni Ayala :
Indicator analyst 樓主 Giovanni Ayala :
Indicator analyst 樓主 Violets : 真的
Giovanni Ayala Indicator analyst 樓主 : 早上好!
Violets Indicator analyst 樓主 : 是的。我在 2017 年和 2018 年支付了生活中最低的稅款。有史以來最低的聯邦稅。我住在夏威夷,所以我的州稅很高。
Giovanni Ayala : 特拉華州沒有稅
102175775 : 如果有效稅率只影響不到 1% 或 0.5% 的企業收入,那麼政府就處於巨大麻煩之中。預算赤字只是變得更大。
DanielVillarreal : 通過等待實施 5.6% 的加稅,在泵中遇到疼痛
Lana Su : 這公平嗎?請拜登多爲公民想~