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Tesla’s Stock-Market Devotees Might Get an Earnings Jolt

2021-04-25

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is interesting&nbsp;","listText":"This is interesting&nbsp;","text":"This is interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375826735","repostId":"2130364224","repostType":4,"repost":{"id":"2130364224","pubTimestamp":1619319744,"share":"https://ttm.financial/m/news/2130364224?lang=&edition=fundamental","pubTime":"2021-04-25 11:02","market":"us","language":"en","title":"Tesla’s Stock-Market Devotees Might Get an Earnings Jolt","url":"https://stock-news.laohu8.com/highlight/detail?id=2130364224","media":"Bloomberg","summary":"Options pricing suggests move of 7.2% in either direction\nDelivery numbers, competition from legacy ","content":"<ul>\n <li>Options pricing suggests move of 7.2% in either direction</li>\n <li>Delivery numbers, competition from legacy automakers in focus</li>\n</ul>\n<p>Die-hard Tesla Inc. investors might be forgiven for wondering why the thrill of owning the iconic carmaker’s stock has seemingly disappeared.</p>\n<p>After all, since catapulting over 700% last year, the shares have barely eked out a 3.4% advance in 2021. Meme stocks like GameStop have pushed Tesla out of the limelight, while Bitcoin has attracted almost all the buzz.</p>\n<p>But the electric-vehicle juggernaut’s first-quarter results on Monday might be just the thing to change all that.</p>\n<p>Since reporting surprisingly strong deliveries for the first three months of the year, expectations are running high. And Tesla also needs to convince investors it can hold onto its lead in the EV market in an increasingly crowded playing field. As a result, traders are pricing in a jolt to the shares. Options pricing suggests Tesla’s stock may fluctuate 7.2% in either direction, which would be the largest post-earnings move since January last year.</p>\n<p>“We acknowledge Tesla has shaken up the auto industry, but recent commitments and advancements from incumbent automakers such as Volkswagen and General Motors suggest to us that Tesla has achieved peak market share within the EV category,” Jeffrey Osborne, an analyst at Cowen, wrote in a note earlier this month.</p>\n<p><img src=\"https://static.tigerbbs.com/94b3234dd2093ff274f1e5491509e4d7\" tg-width=\"815\" tg-height=\"587\"></p>\n<p>Legacy automakers in the U.S. and Europe have announced ambitious plans this year to enter the electric-vehicle race, ranging from everyday sedans to SUVs and luxury supercars. And while billionaire Elon Musk’s company has a significant edge over its competitors in terms of technology, software and brand awareness, its position could start to erode fast as more rivals join the fray.</p>\n<p>“Tesla sees itself as the apex player during the most formative phase of the industrialization of sustainable propulsion and transition off of fossil fuels,” Adam Jonas, an analyst at <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, wrote in a note on Thursday. He added the company would need to address issues surrounding sustainably sourced battery manufacturing and supply chain.</p>\n<p>The immediate priority is to expand capacity and begin “industrializing the ‘Tesla hegemony’ before the market gets even more crowded,” Jonas wrote.</p>\n<p>Investors will also be eager to get more details on Tesla’s plants in Germany and Austin, Texas, as well as any clues on how demand for its cars is shaping up this year. Tesla has not provided a delivery target for 2021, although it has hinted at a range of about 750,000 units.</p>\n<p>There’s also the risk that as more traditional automakers produce EVs, they’ll need to buy fewer regulatory credits from Tesla to stay compliant with emissions rules. That could eat into a source of Tesla’s revenue, which while small, has tended to disproportionately bolster profits since there are no costs associated with them.</p>\n<p><img src=\"https://static.tigerbbs.com/a39ff2fae504cd9ed713ce829631448a\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“Even in its first profitable year of 2020, adjusted pretax income was less than the earnings from selling credits to automakers that can’t build pickups and SUVs fast enough,” Bloomberg Intelligence analyst Kevin Tynan said in an interview. “The irony is that despite all the EV hype, legacy automakers are making so much money from selling internal combustion pickup trucks and SUVs that it has made Tesla look profitable.”</p>\n<p>Overarching issues aside, the recent fatal crash of a Model S car in Texas is also bound to get some airtime on the earnings call, as analysts try to dissect why the accident happened and whether the company’s driver assistance system, called AutoPilot, was involved in any way.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla’s Stock-Market Devotees Might Get an Earnings Jolt</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla’s Stock-Market Devotees Might Get an Earnings Jolt\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/tesla-s-stock-market-devotees-might-get-an-earnings-jolt><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Options pricing suggests move of 7.2% in either direction\nDelivery numbers, competition from legacy automakers in focus\n\nDie-hard Tesla Inc. investors might be forgiven for wondering why the thrill of...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/tesla-s-stock-market-devotees-might-get-an-earnings-jolt\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/tesla-s-stock-market-devotees-might-get-an-earnings-jolt","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130364224","content_text":"Options pricing suggests move of 7.2% in either direction\nDelivery numbers, competition from legacy automakers in focus\n\nDie-hard Tesla Inc. investors might be forgiven for wondering why the thrill of owning the iconic carmaker’s stock has seemingly disappeared.\nAfter all, since catapulting over 700% last year, the shares have barely eked out a 3.4% advance in 2021. Meme stocks like GameStop have pushed Tesla out of the limelight, while Bitcoin has attracted almost all the buzz.\nBut the electric-vehicle juggernaut’s first-quarter results on Monday might be just the thing to change all that.\nSince reporting surprisingly strong deliveries for the first three months of the year, expectations are running high. And Tesla also needs to convince investors it can hold onto its lead in the EV market in an increasingly crowded playing field. As a result, traders are pricing in a jolt to the shares. Options pricing suggests Tesla’s stock may fluctuate 7.2% in either direction, which would be the largest post-earnings move since January last year.\n“We acknowledge Tesla has shaken up the auto industry, but recent commitments and advancements from incumbent automakers such as Volkswagen and General Motors suggest to us that Tesla has achieved peak market share within the EV category,” Jeffrey Osborne, an analyst at Cowen, wrote in a note earlier this month.\n\nLegacy automakers in the U.S. and Europe have announced ambitious plans this year to enter the electric-vehicle race, ranging from everyday sedans to SUVs and luxury supercars. And while billionaire Elon Musk’s company has a significant edge over its competitors in terms of technology, software and brand awareness, its position could start to erode fast as more rivals join the fray.\n“Tesla sees itself as the apex player during the most formative phase of the industrialization of sustainable propulsion and transition off of fossil fuels,” Adam Jonas, an analyst at Morgan Stanley, wrote in a note on Thursday. He added the company would need to address issues surrounding sustainably sourced battery manufacturing and supply chain.\nThe immediate priority is to expand capacity and begin “industrializing the ‘Tesla hegemony’ before the market gets even more crowded,” Jonas wrote.\nInvestors will also be eager to get more details on Tesla’s plants in Germany and Austin, Texas, as well as any clues on how demand for its cars is shaping up this year. Tesla has not provided a delivery target for 2021, although it has hinted at a range of about 750,000 units.\nThere’s also the risk that as more traditional automakers produce EVs, they’ll need to buy fewer regulatory credits from Tesla to stay compliant with emissions rules. That could eat into a source of Tesla’s revenue, which while small, has tended to disproportionately bolster profits since there are no costs associated with them.\n\n“Even in its first profitable year of 2020, adjusted pretax income was less than the earnings from selling credits to automakers that can’t build pickups and SUVs fast enough,” Bloomberg Intelligence analyst Kevin Tynan said in an interview. “The irony is that despite all the EV hype, legacy automakers are making so much money from selling internal combustion pickup trucks and SUVs that it has made Tesla look profitable.”\nOverarching issues aside, the recent fatal crash of a Model S car in Texas is also bound to get some airtime on the earnings call, as analysts try to dissect why the accident happened and whether the company’s driver assistance system, called AutoPilot, was involved in any way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375826657,"gmtCreate":1619325057079,"gmtModify":1704722483190,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582021341958683","authorIdStr":"3582021341958683"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/375826657","repostId":"1118095692","repostType":4,"isVote":1,"tweetType":1,"viewCount":428,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575777532787835","authorId":"3575777532787835","name":"4ebeaef4","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3575777532787835","authorIdStr":"3575777532787835"},"content":"Pls reply To me","text":"Pls reply To me","html":"Pls reply To me"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375826077,"gmtCreate":1619324992599,"gmtModify":1704722482381,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582021341958683","authorIdStr":"3582021341958683"},"themes":[],"htmlText":"Sharing","listText":"Sharing","text":"Sharing","images":[{"img":"https://static.tigerbbs.com/8825a3de805542e352fbdc40369001b7","width":"1125","height":"2587"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375826077","isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":376738054,"gmtCreate":1619147718578,"gmtModify":1704720379317,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582021341958683","authorIdStr":"3582021341958683"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376738054","repostId":"1141178573","repostType":4,"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376731910,"gmtCreate":1619147645030,"gmtModify":1704720378184,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582021341958683","authorIdStr":"3582021341958683"},"themes":[],"htmlText":"Geez","listText":"Geez","text":"Geez","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376731910","repostId":"1134258835","repostType":4,"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376733629,"gmtCreate":1619147580661,"gmtModify":1704720377050,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582021341958683","authorIdStr":"3582021341958683"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376733629","repostId":"1120089535","repostType":4,"repost":{"id":"1120089535","pubTimestamp":1619144653,"share":"https://ttm.financial/m/news/1120089535?lang=&edition=fundamental","pubTime":"2021-04-23 10:24","market":"us","language":"en","title":"\"Bitcoin Fixes This\": Silicon Valley Icon Slams \"Job-Crushing\" Biden Tax Plan, \"Oppressive Government\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1120089535","media":"zerohedge","summary":"With stocks tumbling following the report that Joe Biden is considering a proposal that would double","content":"<p>With stocks tumbling following the report that Joe Biden is considering a proposal that would double the capital gains tax, as investors dump in hopes of locking in existing cap gains rates - an exercise in futility if Biden and the socialists in Congress decide to make such a tax change retroactive to all of 2021 - Bloomberg quickly polled several Wall Street traders who focused on the policy’s implications for investing, and concluded that while it was too soon to panic, prospects of a higher levy on stock profits could spark near-term selling as investors look to skirt a higher rate.</p><blockquote><i>The first impact would be people deciding they are either going to take their gains now to try to get ahead of it. You could see people pull forward their gains to this year. It would potentially reduce the flow of capital because people would be less willing to take gains and move onto something else.</i> <i><b>People would be less willing to trade if they had to pay a tax that high.</b></i></blockquote><p><b>Chris Zaccarelli, chief investment officer for Independent&nbsp;Advisor&nbsp;Alliance</b></p><blockquote><i>It will incentivize selling this year before it does anything else. In the years to come,</i> <i><b>it will probably discourage selling, to some extent, but may also discourage buying as well as people look at other things to do with their money</b></i> <i>.</i> <i><b>The higher the taxes, the less people are likely to participate in activities that cost them tax.</b></i></blockquote><p><b>Dan Suzuki, Richard Bernstein&nbsp;Advisors&nbsp;LLC’s deputy chief investment officer</b></p><blockquote><i>It’s more aggressive than what people were expecting. I would personally fade the reaction though</i> <i><b>. Seems very unlikely that it will pass in its current state, so it would be heavily diluted.</b></i></blockquote><p><b>Sameer Samana, Wells Fargo Investment Institute’s senior global market strategist</b></p><blockquote><i>If this is the start of less market-friendly policies, it could make the gains from here a lot choppier.</i> <i><b>We worry less about an increase in corporate tax rates and more about capital gains taxes/changes in stepped up basis.</b></i> <i>Those latter two have a much more chilling and direct effect on how people invest.</i></blockquote><p><b>Max Gokhman, head of asset allocation at Pacific Life Fund&nbsp;Advisors</b></p><blockquote><i>I don’t think anyone is truly surprised that Biden is unveiling a cap gains tax, but what few people expected is that he’d do it so soon and in this magnitude.</i> <i><b>Unless it’s effective retroactively for 2021, it’s likely to be a 2022 rule -- in that case you will see at least marginal selling this year.</b></i> <i>And while retail investors get a lot of press right now for being a dominant force in day-to-day volume, the reality is that most stocks held by individuals are held by the wealthiest ones.</i></blockquote><p><b>Kim Forrest, chief investment officer of Bokeh Capital Partners</b></p><blockquote><i>Prices are set by the balance of buyers and sellers so if you have more incentive to be a more active trader to reduce taxes, that’s going to put limits on how high stocks can go because there will be more sellers. And that’s the market mechanism on any given day. I’m not saying that ultimately but you’re artificially creating sales.</i></blockquote><p><b>Chris Grisanti, chief equity strategist at MAI Capital Management</b></p><blockquote><i><b>The devil will be in the details -- will it be retroactive to January 1 of this year and then you wouldn’t need to sell right away? Will it be the beginning of next year? That all begs the question, will it get passed?</b></i> <i>With taxes especially there’s a lot of horse trading before the final deal. There are a lot of moving parts. One thing investors can be sure of is that taxes are going up and we have to at least partially pay for all the money we’ve been spending on stimulus.</i></blockquote><p><b>Dave Portnoy,</b><b><i>Owner of DDTG Global</i></b></p><p><img src=\"https://static.tigerbbs.com/b6e835520d729a1d0c7be7bef75bba1c\" tg-width=\"516\" tg-height=\"663\" referrerpolicy=\"no-referrer\">Preston Byrne had an interesting take, pointing out that it would be<i>\"awesome Millennials and Gen Xers agreed to Gamestop the hell out of this and refuse to sell anything until the tax is repealed\"</i></p><p><img src=\"https://static.tigerbbs.com/1738fa9c61987f34d39ba3959aeac997\" tg-width=\"513\" tg-height=\"257\" referrerpolicy=\"no-referrer\">On a more ominous note, it would appear Silicon Valley's honeymoon with the Harris-Biden presidency could be ending fast as billionaire VC Tim Draper rage-tweeted that<b>the potential doubling of the capital gains rate could kill off American job creation</b>...</p><p><img src=\"https://static.tigerbbs.com/ba1d31ec1d2eb2bf350d649672b9de3c\" tg-width=\"511\" tg-height=\"275\" referrerpolicy=\"no-referrer\">Draper does have a 'solution' to this tyrannical soak-the-rich scheme, tweeting that<b>the \"antidote for oppressive government and runaway taxes is... Bitcoin.\"</b></p><p><img src=\"https://static.tigerbbs.com/060345a06eeaa795e7383931d4457094\" tg-width=\"509\" tg-height=\"202\" referrerpolicy=\"no-referrer\">Finally, since none of this actually applies to the rich who invest via hedge funds which are&nbsp;<i><b>off</b></i>&nbsp;<i><b>shore</b></i>&nbsp;tax entities, here is a snapshot of the current mood in the Cayman Islands.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Bitcoin Fixes This\": Silicon Valley Icon Slams \"Job-Crushing\" Biden Tax Plan, \"Oppressive Government\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Bitcoin Fixes This\": Silicon Valley Icon Slams \"Job-Crushing\" Biden Tax Plan, \"Oppressive Government\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 10:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/stunned-wall-street-responds-bidens-shock-proposal-double-cap-gains-tax><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With stocks tumbling following the report that Joe Biden is considering a proposal that would double the capital gains tax, as investors dump in hopes of locking in existing cap gains rates - an ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/stunned-wall-street-responds-bidens-shock-proposal-double-cap-gains-tax\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/stunned-wall-street-responds-bidens-shock-proposal-double-cap-gains-tax","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120089535","content_text":"With stocks tumbling following the report that Joe Biden is considering a proposal that would double the capital gains tax, as investors dump in hopes of locking in existing cap gains rates - an exercise in futility if Biden and the socialists in Congress decide to make such a tax change retroactive to all of 2021 - Bloomberg quickly polled several Wall Street traders who focused on the policy’s implications for investing, and concluded that while it was too soon to panic, prospects of a higher levy on stock profits could spark near-term selling as investors look to skirt a higher rate.The first impact would be people deciding they are either going to take their gains now to try to get ahead of it. You could see people pull forward their gains to this year. It would potentially reduce the flow of capital because people would be less willing to take gains and move onto something else. People would be less willing to trade if they had to pay a tax that high.Chris Zaccarelli, chief investment officer for Independent Advisor AllianceIt will incentivize selling this year before it does anything else. In the years to come, it will probably discourage selling, to some extent, but may also discourage buying as well as people look at other things to do with their money . The higher the taxes, the less people are likely to participate in activities that cost them tax.Dan Suzuki, Richard Bernstein Advisors LLC’s deputy chief investment officerIt’s more aggressive than what people were expecting. I would personally fade the reaction though . Seems very unlikely that it will pass in its current state, so it would be heavily diluted.Sameer Samana, Wells Fargo Investment Institute’s senior global market strategistIf this is the start of less market-friendly policies, it could make the gains from here a lot choppier. We worry less about an increase in corporate tax rates and more about capital gains taxes/changes in stepped up basis. Those latter two have a much more chilling and direct effect on how people invest.Max Gokhman, head of asset allocation at Pacific Life Fund AdvisorsI don’t think anyone is truly surprised that Biden is unveiling a cap gains tax, but what few people expected is that he’d do it so soon and in this magnitude. Unless it’s effective retroactively for 2021, it’s likely to be a 2022 rule -- in that case you will see at least marginal selling this year. And while retail investors get a lot of press right now for being a dominant force in day-to-day volume, the reality is that most stocks held by individuals are held by the wealthiest ones.Kim Forrest, chief investment officer of Bokeh Capital PartnersPrices are set by the balance of buyers and sellers so if you have more incentive to be a more active trader to reduce taxes, that’s going to put limits on how high stocks can go because there will be more sellers. And that’s the market mechanism on any given day. I’m not saying that ultimately but you’re artificially creating sales.Chris Grisanti, chief equity strategist at MAI Capital ManagementThe devil will be in the details -- will it be retroactive to January 1 of this year and then you wouldn’t need to sell right away? Will it be the beginning of next year? That all begs the question, will it get passed? With taxes especially there’s a lot of horse trading before the final deal. There are a lot of moving parts. One thing investors can be sure of is that taxes are going up and we have to at least partially pay for all the money we’ve been spending on stimulus.Dave Portnoy,Owner of DDTG GlobalPreston Byrne had an interesting take, pointing out that it would be\"awesome Millennials and Gen Xers agreed to Gamestop the hell out of this and refuse to sell anything until the tax is repealed\"On a more ominous note, it would appear Silicon Valley's honeymoon with the Harris-Biden presidency could be ending fast as billionaire VC Tim Draper rage-tweeted thatthe potential doubling of the capital gains rate could kill off American job creation...Draper does have a 'solution' to this tyrannical soak-the-rich scheme, tweeting thatthe \"antidote for oppressive government and runaway taxes is... Bitcoin.\"Finally, since none of this actually applies to the rich who invest via hedge funds which are off shore tax entities, here is a snapshot of the current mood in the Cayman Islands.","news_type":1},"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378680880,"gmtCreate":1619022509540,"gmtModify":1704718511445,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582021341958683","authorIdStr":"3582021341958683"},"themes":[],"htmlText":"Sharing","listText":"Sharing","text":"Sharing","images":[{"img":"https://static.tigerbbs.com/c30417a9db5f25f0c8a125e1beb2af5a","width":"1125","height":"2482"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378680880","isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":375826657,"gmtCreate":1619325057079,"gmtModify":1704722483190,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582021341958683","idStr":"3582021341958683"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/375826657","repostId":"1118095692","repostType":4,"repost":{"id":"1118095692","pubTimestamp":1619320525,"share":"https://ttm.financial/m/news/1118095692?lang=&edition=fundamental","pubTime":"2021-04-25 11:15","market":"us","language":"en","title":"US IPO Week Ahead: April Closes Out With A Diverse 5 IPO Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1118095692","media":"Renaissance Capital","summary":"Summary\n\nWith the end of April on the horizon, five IPOs are currently slated to raise $2.0 billion ","content":"<p><b>Summary</b></p>\n<ul>\n <li>With the end of April on the horizon, five IPOs are currently slated to raise $2.0 billion in the week ahead. The diverse group features a home care provider, a talent agency, and more.</li>\n <li>Home care provider Aveanna Healthcare Holdings (AVAH) plans to raise $650 million at a $3.2 billion market cap.</li>\n <li>In its second IPO attempt, entertainment and talent agency Endeavor Group Holdings (EDR) plans to raise $501 million at a $10.3 billion market cap.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/783e5b8b91a84137d8d6d9e4d6742321\" tg-width=\"768\" tg-height=\"593\"><span>Photo by hanibaram/iStock via Getty Images</span></p>\n<p>With the end of April on the horizon, five IPOs are currently slated to raise $2.0 billion in the week ahead. The diverse group features a home care provider, a talent agency, and more.</p>\n<p>Home care provider Aveanna Healthcare Holdings (AVAH) plans to raise $650 million at a $3.2 billion market cap. Aveanna's clinical model is led by its caregivers, primarily skilled nurses, who serve the full range of patient populations, from newborns to seniors. Profitable on an EBITDA basis, the company has expanded from 17 states to 30 states over the past five years, and it currently has 245 branch locations.</p>\n<p>In its second IPO attempt, entertainment and talent agency Endeavor Group Holdings(NYSE:EDR)plans to raise $501 million at a $10.3 billion market cap. Focused on premium intellectual property, content, events, and experiences, Endeavor's portfolio includes UFC, IMG Media, and WME, among others. The company was significantly impacted by COVID-19, with revenue falling 24% in 2020, though it has since resumed activity in its operating segments.</p>\n<p>Healthcare platform Privia Health Group (PRVA) plans to raise $351 million at a $2.2 billion market cap. Privia's platform is powered by its proprietary end-to-end, cloud-based technology solution. Profitable with positive cash flow, the company currently operates in six states and the District of Columbia, covering over 70 target metropolitan statistical areas (including 20 out of the largest 100 MSAs).</p>\n<p>Solar tracker system provider FTC Solar (FTCI) plans to raise $350 million at a $1.9 billion market cap. The company's tracker systems are currently marketed under the Voyager brand name, which is a next-generation two-panel in-portrait single-axis tracker. Fast growing and unprofitable, FTC is one of the largest providers of two-panel in-portrait trackers in the US, with an estimated market share of 11%.</p>\n<p>Specialty insurer The Fortegra Group (FRF) plans to raise $133 million at a $938 million market cap. Through its US insurance business, Fortegra offers commercial programs with a particular focus on casualty lines, including professional liability, inland marine, and contractor equipment. The company has a financial strength rating of \"A-\" from A.M. Best and Kroll Bond Rating Agency.</p>\n<p><img src=\"https://static.tigerbbs.com/2d39840e24d706ab1621263413af9ece\" tg-width=\"1272\" tg-height=\"598\"></p>\n<p>Street research is expected for six companies and lock-up periods will be expiring for up to 11 companies.</p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 4/22/21, the Renaissance IPO Index was down 2.1% year-to-date, while the S&amp;P 500 was up 10.1%. Renaissance Capital's IPO ETF(NYSEARCA:IPO)tracks the index, and top ETF holdings include Zoom Video(NASDAQ:ZM)and Uber(NYSE:UBER). The Renaissance International IPO Index was down 2.4% year-to-date, while the ACWX was up 6.6%. Renaissance Capital's International IPO ETF(NYSEARCA:IPOS)tracks the index, and top ETF holdings include Nexi(OTCPK:NEXPF)and Kuaishou Technology(OTCPK:KSHTY).</p>","source":"lsy1603787993745","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US IPO Week Ahead: April Closes Out With A Diverse 5 IPO Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS IPO Week Ahead: April Closes Out With A Diverse 5 IPO Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/81105/US-IPO-Week-Ahead-April-closes-out-with-a-diverse-5-IPO-week><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nWith the end of April on the horizon, five IPOs are currently slated to raise $2.0 billion in the week ahead. The diverse group features a home care provider, a talent agency, and more.\nHome ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/81105/US-IPO-Week-Ahead-April-closes-out-with-a-diverse-5-IPO-week\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","PRVA":"Privia Health Group, Inc.",".SPX":"S&P 500 Index","FTCI":"FTC Solar, Inc.","EDR":"奋进集团",".DJI":"道琼斯","AVAH":"Aveanna Healthcare Holdings Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/81105/US-IPO-Week-Ahead-April-closes-out-with-a-diverse-5-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118095692","content_text":"Summary\n\nWith the end of April on the horizon, five IPOs are currently slated to raise $2.0 billion in the week ahead. The diverse group features a home care provider, a talent agency, and more.\nHome care provider Aveanna Healthcare Holdings (AVAH) plans to raise $650 million at a $3.2 billion market cap.\nIn its second IPO attempt, entertainment and talent agency Endeavor Group Holdings (EDR) plans to raise $501 million at a $10.3 billion market cap.\n\nPhoto by hanibaram/iStock via Getty Images\nWith the end of April on the horizon, five IPOs are currently slated to raise $2.0 billion in the week ahead. The diverse group features a home care provider, a talent agency, and more.\nHome care provider Aveanna Healthcare Holdings (AVAH) plans to raise $650 million at a $3.2 billion market cap. Aveanna's clinical model is led by its caregivers, primarily skilled nurses, who serve the full range of patient populations, from newborns to seniors. Profitable on an EBITDA basis, the company has expanded from 17 states to 30 states over the past five years, and it currently has 245 branch locations.\nIn its second IPO attempt, entertainment and talent agency Endeavor Group Holdings(NYSE:EDR)plans to raise $501 million at a $10.3 billion market cap. Focused on premium intellectual property, content, events, and experiences, Endeavor's portfolio includes UFC, IMG Media, and WME, among others. The company was significantly impacted by COVID-19, with revenue falling 24% in 2020, though it has since resumed activity in its operating segments.\nHealthcare platform Privia Health Group (PRVA) plans to raise $351 million at a $2.2 billion market cap. Privia's platform is powered by its proprietary end-to-end, cloud-based technology solution. Profitable with positive cash flow, the company currently operates in six states and the District of Columbia, covering over 70 target metropolitan statistical areas (including 20 out of the largest 100 MSAs).\nSolar tracker system provider FTC Solar (FTCI) plans to raise $350 million at a $1.9 billion market cap. The company's tracker systems are currently marketed under the Voyager brand name, which is a next-generation two-panel in-portrait single-axis tracker. Fast growing and unprofitable, FTC is one of the largest providers of two-panel in-portrait trackers in the US, with an estimated market share of 11%.\nSpecialty insurer The Fortegra Group (FRF) plans to raise $133 million at a $938 million market cap. Through its US insurance business, Fortegra offers commercial programs with a particular focus on casualty lines, including professional liability, inland marine, and contractor equipment. The company has a financial strength rating of \"A-\" from A.M. Best and Kroll Bond Rating Agency.\n\nStreet research is expected for six companies and lock-up periods will be expiring for up to 11 companies.\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 4/22/21, the Renaissance IPO Index was down 2.1% year-to-date, while the S&P 500 was up 10.1%. Renaissance Capital's IPO ETF(NYSEARCA:IPO)tracks the index, and top ETF holdings include Zoom Video(NASDAQ:ZM)and Uber(NYSE:UBER). The Renaissance International IPO Index was down 2.4% year-to-date, while the ACWX was up 6.6%. Renaissance Capital's International IPO ETF(NYSEARCA:IPOS)tracks the index, and top ETF holdings include Nexi(OTCPK:NEXPF)and Kuaishou Technology(OTCPK:KSHTY).","news_type":1},"isVote":1,"tweetType":1,"viewCount":428,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575777532787835","authorId":"3575777532787835","name":"4ebeaef4","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575777532787835","idStr":"3575777532787835"},"content":"Pls reply To me","text":"Pls reply To me","html":"Pls reply To me"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376738054,"gmtCreate":1619147718578,"gmtModify":1704720379317,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582021341958683","idStr":"3582021341958683"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376738054","repostId":"1141178573","repostType":4,"repost":{"id":"1141178573","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1619147275,"share":"https://ttm.financial/m/news/1141178573?lang=&edition=fundamental","pubTime":"2021-04-23 11:07","market":"us","language":"en","title":"Biden to float historic tax increase on investment gains for the rich","url":"https://stock-news.laohu8.com/highlight/detail?id=1141178573","media":"Reuters","summary":"President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the l","content":"<p>President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.</p><p>The plan is part of the White House's push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden's ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.</p><p>That would be the highest tax rate on investment gains, which are mostly paid by the wealthiest Americans, since the 1920s. The rate has not exceeded 33.8% in the post-World War Two era.</p><p>News of the proposal- which was a staple of Biden’s presidential campaign platform - triggered sharp declines on Wall Street, with the benchmark S&amp;P 500 index(.SPX)down 1% in early afternoon, its steepest drop in more than a month.</p><p>Any such hike would need to go through Congress, where Biden's Democratic Party holds narrow majorities and is unlikely to win support from Republicans. It is also unclear if it would have the unanimous backing of congressional Democrats, which would be essential in the Senate where each party holds 50 seats.</p><p>\"If it had a chance of passing, we'd be down 2,000 points,\" said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC, referring to stock market indexes.</p><p>Sources said details would be released next week before Biden's address to Congress on Wednesday. Details of the plan may change in coming days. White House officials are debating other possible tax increases that could ultimately be included such as capping deductions for wealthy taxpayers or increasing the estate tax, sources told Reuters.</p><p>Biden has promised not to raise taxes on households earning less than $400,000.</p><p>Tax details related to the plan, which has been in the works for months, were first reported by the New York Times on Thursday morning.</p><p>White House press secretary Jen Psaki said the president would discuss his \"American Families Plan\" during his speech to Congress but declined to comment on any details.</p><p>She said the administration had not yet finalized funding plans but stressed Biden's determination to make the wealthy and companies pay for new programs.</p><p>\"His view is that that should be on the backs ... of the wealthiest Americans who can afford it and corporations and businesses who can afford it,\" Psaki said.</p><p><img src=\"https://static.tigerbbs.com/3ac23774dc0b788c1569e6bfa03da03d\" tg-width=\"6754\" tg-height=\"4701\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b90dcdfac3c849d0483fcf1eaee00814\" tg-width=\"7824\" tg-height=\"5219\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3ac23774dc0b788c1569e6bfa03da03d\" tg-width=\"6754\" tg-height=\"4701\" referrerpolicy=\"no-referrer\"></p><p><i>U.S. President Joe Biden speaks in the Cross Hall at the White House in Washington, U.S., April 20, 2021. REUTERS/Tom Brenner</i></p><p>She said Biden and his economic team did not believe the measures would have a negative impact on investment in the United States.</p><p>Yields on Treasuries, which move in the opposite direction to their price, fell to the day's low.</p><p><b>CAPITAL GAINS</b></p><p>Biden's new plan, likely to generate about $1 trillion, comes after a $2.3 trillion jobs and infrastructure proposal that has already run into stiff opposition from Republicans. They generally support funding infrastructure projects but oppose Biden's inclusion of priorities like expanding eldercare and asking corporate America to pay the tab.</p><p>Tax hikes on the wealthy could harden Republicans' resistance against Biden's latest \"human\" infrastructure plan, forcing Democrats to consider pushing it - or least some of the measures - through Congress using a party-line budget vote known as reconciliation.</p><p>Senator Joe Manchin, a moderate Democrat from West Virginia who wields outsize power due to the party's slim majority, said recently said he was wary of expanding the use of reconciliation.</p><p>Biden's proposal should be viewed as an aggressive negotiating tactic, said Steve Chiavarone, a portfolio manager and equity strategist at Federated Hermes.</p><p>\"You should expect that you will get at least initially the biggest, baddest, most progressive policy proposals with the understanding that they won't get everything they want but define the scope of the negotiation. Maybe Biden doesn’t get 39%, he will get 29%\" tax rate, he said.</p><p>Wealthy Americans could face an overall federal capital gains tax rate of 43.4% including the 3.8% net investment tax on individuals with income of $200,000 or more ($250,000 married filing jointly). The latter helps fund the Affordable Care Act, popularly known as Obamacare.</p><p>Currently, those earning more than $200,000 pay a capital gains rate of about 23.8% including the Obamacare net investment tax instituted as part of that law. For tax year 2021, the top marginal tax rate remains 37% for individual single taxpayers with incomes greater than $523,600 and $628,300 for married couples filing jointly.</p><p>Erica York, an economist at the Tax Foundation, said the proposal would put U.S. capital gains taxes at the top of the global charts. Average capital gains taxes in Europe are around 19.3%, and the highest rate there is in Denmark, which collects 42%. France and Finland charge 34%.</p><p>For residents of some states and cities that assess their own capital gains levy, Biden’s plan would push the total capital gains rate to more than 50%, York said. The rate would rise to 56.7% in California, 68.2% in New York City and 57.3% in Portland, Oregon, York said.</p><p><b>Goldman Says \"No Surprise\" In Biden Cap Gains Proposal, Sees Congress Settling On 28% Tax Rate</b></p><p>Today the market freaked out when Bloomberg reported that the Biden Administration will propose to tax capital gains at the top ordinary income tax rate (39.6%, or 43.4% when the existing 3.8% tax on net investment income tax is added).</p><p>Well, according to Goldman, this is nothing more than the latest pipe dream trial balloon from progressives, one which won't actually take place and instead has been floated to set the negotiation \"ask\", with Goldman expecting that<b>\"Congress will settle on a more modest increase, potentially around 28%.\"</b>As such there are no actual \"surprises\" in the proposal which has been floated in this exact format previously, and while it remains unclear when the tax rate increase would be effective, the bank's economists \"think it is unlikely to apply to gains realized before May, and an increase effective Jan. 1, 2022 is more likely.\"</p><p>1.Bloomberg hasreportedthat the Biden Administration will propose to raise the federal capital gains tax rate to 39.6%, also the top marginal income tax rate under President Biden’s proposal. In addition to 3.8% tax on net investment income that Congress established in 2009, the combined rate would be 43.4%.<b>We had expected the President to propose this as part of his “American Families Plan” and the proposal comes as no surprise.</b>This proposal would apply to taxpayers with annual incomes over $1 million, and would likely also apply to qualified dividends, which are currently taxed at the same rate as capital gains. We note that the Biden campaign also proposed eliminating the step-up in basis on inherited assets, which would result in much larger taxable gains on those assets once sold.</p><p><b>2. We expect Congress will pass a scaled back version of this tax increase.</b>While it is possible that Congress might pass the proposal in its entirety,<b>we think a moderated version is more likely in light of the razor-thin majorities in the House and Senate. At 43.4%, long-term capital gains would be taxed at the highest rate in the more than 100 years since Congress established the income tax. A 28% rate looks most likely, in our view, as it is roughly halfway between the current rate and Biden’s likely proposal.</b>This is also the rate that President Reagan and a Democratic House settled on a few decades ago when raising the tax from 20%.</p><p>3. The issue will likely remain in flux over the next several months. We expect President Biden to discuss the issue among many other topics when he addresses a joint session of Congress on April 28. By early May, the Biden Administration might also release its full fiscal year 2022 budget submission to Congress, which would provide more details on tax proposals including capital gains. However, the timing of this release remains unclear. In the interim,<b>comments from centrist Senate Democrats, such as Sens. Joe Manchin (D-W Va.) and Kyrsten Sinema (D-Ariz.),could clarify where key swing voters might come out on the issue</b>.</p><p>4. It is unclear when the higher rate would be effective, but we see three main options.</p><ul><li>First, Congress has occasionally made tax policies effective as of the date when the bill is introduced in the House of Representatives. This would likely be no earlier than May.</li><li>A second option would be to make the higher tax rate effective for gains realized after the bill is enacted into law, which we think will be sometime between July and September.</li><li>The third option would be an increase effective on January 1, 2022. We note that the last time Congress legislated an increase in the rate, the policy became law in October 1986 but the increase did not take effect until January 1987.</li></ul><p>While a retroactive increase cannot be ruled out entirely, we believe it is very unlikely that it would apply to gains realized before May 2021 (at earliest).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden to float historic tax increase on investment gains for the rich</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden to float historic tax increase on investment gains for the rich\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-23 11:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.</p><p>The plan is part of the White House's push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden's ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.</p><p>That would be the highest tax rate on investment gains, which are mostly paid by the wealthiest Americans, since the 1920s. The rate has not exceeded 33.8% in the post-World War Two era.</p><p>News of the proposal- which was a staple of Biden’s presidential campaign platform - triggered sharp declines on Wall Street, with the benchmark S&amp;P 500 index(.SPX)down 1% in early afternoon, its steepest drop in more than a month.</p><p>Any such hike would need to go through Congress, where Biden's Democratic Party holds narrow majorities and is unlikely to win support from Republicans. It is also unclear if it would have the unanimous backing of congressional Democrats, which would be essential in the Senate where each party holds 50 seats.</p><p>\"If it had a chance of passing, we'd be down 2,000 points,\" said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC, referring to stock market indexes.</p><p>Sources said details would be released next week before Biden's address to Congress on Wednesday. Details of the plan may change in coming days. White House officials are debating other possible tax increases that could ultimately be included such as capping deductions for wealthy taxpayers or increasing the estate tax, sources told Reuters.</p><p>Biden has promised not to raise taxes on households earning less than $400,000.</p><p>Tax details related to the plan, which has been in the works for months, were first reported by the New York Times on Thursday morning.</p><p>White House press secretary Jen Psaki said the president would discuss his \"American Families Plan\" during his speech to Congress but declined to comment on any details.</p><p>She said the administration had not yet finalized funding plans but stressed Biden's determination to make the wealthy and companies pay for new programs.</p><p>\"His view is that that should be on the backs ... of the wealthiest Americans who can afford it and corporations and businesses who can afford it,\" Psaki said.</p><p><img src=\"https://static.tigerbbs.com/3ac23774dc0b788c1569e6bfa03da03d\" tg-width=\"6754\" tg-height=\"4701\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b90dcdfac3c849d0483fcf1eaee00814\" tg-width=\"7824\" tg-height=\"5219\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3ac23774dc0b788c1569e6bfa03da03d\" tg-width=\"6754\" tg-height=\"4701\" referrerpolicy=\"no-referrer\"></p><p><i>U.S. President Joe Biden speaks in the Cross Hall at the White House in Washington, U.S., April 20, 2021. REUTERS/Tom Brenner</i></p><p>She said Biden and his economic team did not believe the measures would have a negative impact on investment in the United States.</p><p>Yields on Treasuries, which move in the opposite direction to their price, fell to the day's low.</p><p><b>CAPITAL GAINS</b></p><p>Biden's new plan, likely to generate about $1 trillion, comes after a $2.3 trillion jobs and infrastructure proposal that has already run into stiff opposition from Republicans. They generally support funding infrastructure projects but oppose Biden's inclusion of priorities like expanding eldercare and asking corporate America to pay the tab.</p><p>Tax hikes on the wealthy could harden Republicans' resistance against Biden's latest \"human\" infrastructure plan, forcing Democrats to consider pushing it - or least some of the measures - through Congress using a party-line budget vote known as reconciliation.</p><p>Senator Joe Manchin, a moderate Democrat from West Virginia who wields outsize power due to the party's slim majority, said recently said he was wary of expanding the use of reconciliation.</p><p>Biden's proposal should be viewed as an aggressive negotiating tactic, said Steve Chiavarone, a portfolio manager and equity strategist at Federated Hermes.</p><p>\"You should expect that you will get at least initially the biggest, baddest, most progressive policy proposals with the understanding that they won't get everything they want but define the scope of the negotiation. Maybe Biden doesn’t get 39%, he will get 29%\" tax rate, he said.</p><p>Wealthy Americans could face an overall federal capital gains tax rate of 43.4% including the 3.8% net investment tax on individuals with income of $200,000 or more ($250,000 married filing jointly). The latter helps fund the Affordable Care Act, popularly known as Obamacare.</p><p>Currently, those earning more than $200,000 pay a capital gains rate of about 23.8% including the Obamacare net investment tax instituted as part of that law. For tax year 2021, the top marginal tax rate remains 37% for individual single taxpayers with incomes greater than $523,600 and $628,300 for married couples filing jointly.</p><p>Erica York, an economist at the Tax Foundation, said the proposal would put U.S. capital gains taxes at the top of the global charts. Average capital gains taxes in Europe are around 19.3%, and the highest rate there is in Denmark, which collects 42%. France and Finland charge 34%.</p><p>For residents of some states and cities that assess their own capital gains levy, Biden’s plan would push the total capital gains rate to more than 50%, York said. The rate would rise to 56.7% in California, 68.2% in New York City and 57.3% in Portland, Oregon, York said.</p><p><b>Goldman Says \"No Surprise\" In Biden Cap Gains Proposal, Sees Congress Settling On 28% Tax Rate</b></p><p>Today the market freaked out when Bloomberg reported that the Biden Administration will propose to tax capital gains at the top ordinary income tax rate (39.6%, or 43.4% when the existing 3.8% tax on net investment income tax is added).</p><p>Well, according to Goldman, this is nothing more than the latest pipe dream trial balloon from progressives, one which won't actually take place and instead has been floated to set the negotiation \"ask\", with Goldman expecting that<b>\"Congress will settle on a more modest increase, potentially around 28%.\"</b>As such there are no actual \"surprises\" in the proposal which has been floated in this exact format previously, and while it remains unclear when the tax rate increase would be effective, the bank's economists \"think it is unlikely to apply to gains realized before May, and an increase effective Jan. 1, 2022 is more likely.\"</p><p>1.Bloomberg hasreportedthat the Biden Administration will propose to raise the federal capital gains tax rate to 39.6%, also the top marginal income tax rate under President Biden’s proposal. In addition to 3.8% tax on net investment income that Congress established in 2009, the combined rate would be 43.4%.<b>We had expected the President to propose this as part of his “American Families Plan” and the proposal comes as no surprise.</b>This proposal would apply to taxpayers with annual incomes over $1 million, and would likely also apply to qualified dividends, which are currently taxed at the same rate as capital gains. We note that the Biden campaign also proposed eliminating the step-up in basis on inherited assets, which would result in much larger taxable gains on those assets once sold.</p><p><b>2. We expect Congress will pass a scaled back version of this tax increase.</b>While it is possible that Congress might pass the proposal in its entirety,<b>we think a moderated version is more likely in light of the razor-thin majorities in the House and Senate. At 43.4%, long-term capital gains would be taxed at the highest rate in the more than 100 years since Congress established the income tax. A 28% rate looks most likely, in our view, as it is roughly halfway between the current rate and Biden’s likely proposal.</b>This is also the rate that President Reagan and a Democratic House settled on a few decades ago when raising the tax from 20%.</p><p>3. The issue will likely remain in flux over the next several months. We expect President Biden to discuss the issue among many other topics when he addresses a joint session of Congress on April 28. By early May, the Biden Administration might also release its full fiscal year 2022 budget submission to Congress, which would provide more details on tax proposals including capital gains. However, the timing of this release remains unclear. In the interim,<b>comments from centrist Senate Democrats, such as Sens. Joe Manchin (D-W Va.) and Kyrsten Sinema (D-Ariz.),could clarify where key swing voters might come out on the issue</b>.</p><p>4. It is unclear when the higher rate would be effective, but we see three main options.</p><ul><li>First, Congress has occasionally made tax policies effective as of the date when the bill is introduced in the House of Representatives. This would likely be no earlier than May.</li><li>A second option would be to make the higher tax rate effective for gains realized after the bill is enacted into law, which we think will be sometime between July and September.</li><li>The third option would be an increase effective on January 1, 2022. We note that the last time Congress legislated an increase in the rate, the policy became law in October 1986 but the increase did not take effect until January 1987.</li></ul><p>While a retroactive increase cannot be ruled out entirely, we believe it is very unlikely that it would apply to gains realized before May 2021 (at earliest).</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141178573","content_text":"President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.The plan is part of the White House's push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden's ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.That would be the highest tax rate on investment gains, which are mostly paid by the wealthiest Americans, since the 1920s. The rate has not exceeded 33.8% in the post-World War Two era.News of the proposal- which was a staple of Biden’s presidential campaign platform - triggered sharp declines on Wall Street, with the benchmark S&P 500 index(.SPX)down 1% in early afternoon, its steepest drop in more than a month.Any such hike would need to go through Congress, where Biden's Democratic Party holds narrow majorities and is unlikely to win support from Republicans. It is also unclear if it would have the unanimous backing of congressional Democrats, which would be essential in the Senate where each party holds 50 seats.\"If it had a chance of passing, we'd be down 2,000 points,\" said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC, referring to stock market indexes.Sources said details would be released next week before Biden's address to Congress on Wednesday. Details of the plan may change in coming days. White House officials are debating other possible tax increases that could ultimately be included such as capping deductions for wealthy taxpayers or increasing the estate tax, sources told Reuters.Biden has promised not to raise taxes on households earning less than $400,000.Tax details related to the plan, which has been in the works for months, were first reported by the New York Times on Thursday morning.White House press secretary Jen Psaki said the president would discuss his \"American Families Plan\" during his speech to Congress but declined to comment on any details.She said the administration had not yet finalized funding plans but stressed Biden's determination to make the wealthy and companies pay for new programs.\"His view is that that should be on the backs ... of the wealthiest Americans who can afford it and corporations and businesses who can afford it,\" Psaki said.U.S. President Joe Biden speaks in the Cross Hall at the White House in Washington, U.S., April 20, 2021. REUTERS/Tom BrennerShe said Biden and his economic team did not believe the measures would have a negative impact on investment in the United States.Yields on Treasuries, which move in the opposite direction to their price, fell to the day's low.CAPITAL GAINSBiden's new plan, likely to generate about $1 trillion, comes after a $2.3 trillion jobs and infrastructure proposal that has already run into stiff opposition from Republicans. They generally support funding infrastructure projects but oppose Biden's inclusion of priorities like expanding eldercare and asking corporate America to pay the tab.Tax hikes on the wealthy could harden Republicans' resistance against Biden's latest \"human\" infrastructure plan, forcing Democrats to consider pushing it - or least some of the measures - through Congress using a party-line budget vote known as reconciliation.Senator Joe Manchin, a moderate Democrat from West Virginia who wields outsize power due to the party's slim majority, said recently said he was wary of expanding the use of reconciliation.Biden's proposal should be viewed as an aggressive negotiating tactic, said Steve Chiavarone, a portfolio manager and equity strategist at Federated Hermes.\"You should expect that you will get at least initially the biggest, baddest, most progressive policy proposals with the understanding that they won't get everything they want but define the scope of the negotiation. Maybe Biden doesn’t get 39%, he will get 29%\" tax rate, he said.Wealthy Americans could face an overall federal capital gains tax rate of 43.4% including the 3.8% net investment tax on individuals with income of $200,000 or more ($250,000 married filing jointly). The latter helps fund the Affordable Care Act, popularly known as Obamacare.Currently, those earning more than $200,000 pay a capital gains rate of about 23.8% including the Obamacare net investment tax instituted as part of that law. For tax year 2021, the top marginal tax rate remains 37% for individual single taxpayers with incomes greater than $523,600 and $628,300 for married couples filing jointly.Erica York, an economist at the Tax Foundation, said the proposal would put U.S. capital gains taxes at the top of the global charts. Average capital gains taxes in Europe are around 19.3%, and the highest rate there is in Denmark, which collects 42%. France and Finland charge 34%.For residents of some states and cities that assess their own capital gains levy, Biden’s plan would push the total capital gains rate to more than 50%, York said. The rate would rise to 56.7% in California, 68.2% in New York City and 57.3% in Portland, Oregon, York said.Goldman Says \"No Surprise\" In Biden Cap Gains Proposal, Sees Congress Settling On 28% Tax RateToday the market freaked out when Bloomberg reported that the Biden Administration will propose to tax capital gains at the top ordinary income tax rate (39.6%, or 43.4% when the existing 3.8% tax on net investment income tax is added).Well, according to Goldman, this is nothing more than the latest pipe dream trial balloon from progressives, one which won't actually take place and instead has been floated to set the negotiation \"ask\", with Goldman expecting that\"Congress will settle on a more modest increase, potentially around 28%.\"As such there are no actual \"surprises\" in the proposal which has been floated in this exact format previously, and while it remains unclear when the tax rate increase would be effective, the bank's economists \"think it is unlikely to apply to gains realized before May, and an increase effective Jan. 1, 2022 is more likely.\"1.Bloomberg hasreportedthat the Biden Administration will propose to raise the federal capital gains tax rate to 39.6%, also the top marginal income tax rate under President Biden’s proposal. In addition to 3.8% tax on net investment income that Congress established in 2009, the combined rate would be 43.4%.We had expected the President to propose this as part of his “American Families Plan” and the proposal comes as no surprise.This proposal would apply to taxpayers with annual incomes over $1 million, and would likely also apply to qualified dividends, which are currently taxed at the same rate as capital gains. We note that the Biden campaign also proposed eliminating the step-up in basis on inherited assets, which would result in much larger taxable gains on those assets once sold.2. We expect Congress will pass a scaled back version of this tax increase.While it is possible that Congress might pass the proposal in its entirety,we think a moderated version is more likely in light of the razor-thin majorities in the House and Senate. At 43.4%, long-term capital gains would be taxed at the highest rate in the more than 100 years since Congress established the income tax. A 28% rate looks most likely, in our view, as it is roughly halfway between the current rate and Biden’s likely proposal.This is also the rate that President Reagan and a Democratic House settled on a few decades ago when raising the tax from 20%.3. The issue will likely remain in flux over the next several months. We expect President Biden to discuss the issue among many other topics when he addresses a joint session of Congress on April 28. By early May, the Biden Administration might also release its full fiscal year 2022 budget submission to Congress, which would provide more details on tax proposals including capital gains. However, the timing of this release remains unclear. In the interim,comments from centrist Senate Democrats, such as Sens. Joe Manchin (D-W Va.) and Kyrsten Sinema (D-Ariz.),could clarify where key swing voters might come out on the issue.4. It is unclear when the higher rate would be effective, but we see three main options.First, Congress has occasionally made tax policies effective as of the date when the bill is introduced in the House of Representatives. This would likely be no earlier than May.A second option would be to make the higher tax rate effective for gains realized after the bill is enacted into law, which we think will be sometime between July and September.The third option would be an increase effective on January 1, 2022. We note that the last time Congress legislated an increase in the rate, the policy became law in October 1986 but the increase did not take effect until January 1987.While a retroactive increase cannot be ruled out entirely, we believe it is very unlikely that it would apply to gains realized before May 2021 (at earliest).","news_type":1},"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108062128,"gmtCreate":1619962916164,"gmtModify":1704336811385,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582021341958683","idStr":"3582021341958683"},"themes":[],"htmlText":"Sharing","listText":"Sharing","text":"Sharing","images":[{"img":"https://static.tigerbbs.com/def59e40eb527ab43900bbfcfe725b09","width":"1125","height":"2587"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108062128","isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":100935674,"gmtCreate":1619573415798,"gmtModify":1704726143644,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582021341958683","idStr":"3582021341958683"},"themes":[],"htmlText":"Sharing","listText":"Sharing","text":"Sharing","images":[{"img":"https://static.tigerbbs.com/3e8610a4ce08a0bf31bf00bc7cd6c1d1","width":"1125","height":"2677"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100935674","isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":375826735,"gmtCreate":1619325089027,"gmtModify":1704722484489,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582021341958683","idStr":"3582021341958683"},"themes":[],"htmlText":"This is interesting&nbsp;","listText":"This is interesting&nbsp;","text":"This is interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375826735","repostId":"2130364224","repostType":4,"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375826077,"gmtCreate":1619324992599,"gmtModify":1704722482381,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582021341958683","idStr":"3582021341958683"},"themes":[],"htmlText":"Sharing","listText":"Sharing","text":"Sharing","images":[{"img":"https://static.tigerbbs.com/8825a3de805542e352fbdc40369001b7","width":"1125","height":"2587"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375826077","isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":376731910,"gmtCreate":1619147645030,"gmtModify":1704720378184,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582021341958683","idStr":"3582021341958683"},"themes":[],"htmlText":"Geez","listText":"Geez","text":"Geez","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376731910","repostId":"1134258835","repostType":4,"repost":{"id":"1134258835","pubTimestamp":1619143430,"share":"https://ttm.financial/m/news/1134258835?lang=&edition=fundamental","pubTime":"2021-04-23 10:03","market":"us","language":"en","title":"AAPL After Hours: Will Capital Gains Tax Derail Apple Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=1134258835","media":"The Street","summary":"Apple stock dipped yet again, this time on news that President Joe Biden could propose an increase t","content":"<blockquote>\n Apple stock dipped yet again, this time on news that President Joe Biden could propose an increase to capital gains taxes. Here is why AAPL could be impacted most.\n</blockquote>\n<p>It has not been a calm few days for Apple stock. Shares dipped on Thursday, April 22: -1.2% vs. the S&amp;P 500's and the Nasdaq's -0.9%.</p>\n<p>AAPL has fizzled just aheadof the company's earnings week, after enjoying a 10% rally in the first half of April. In fact, each of Apple's daily gains have been followed by a daily loss since April 8, in seesaw fashion.</p>\n<p>Below, the Apple Maven briefly debates the key reason for weakness in Apple this Thursday: a potential increase in the capital gains tax rate for households that earn more than $1 million per year.</p>\n<p><b>Apple news of the day</b></p>\n<p>To be fair, Apple-specific news also surfaced on Thursday. For example, the App Storeremainsat center stage, this time due to speculations that the company could \"build out its ad business with a second type of ad slot\" within the platform.</p>\n<p>But none of what the Apple Mavenanticipated could move Apple stock on April 22mattered much compared to news on the tax front. Bloombergreportedthat the Joe Biden administration could introduce legislation to increase the capital gains tax rate to as much as 39.6% on certain individuals, a climb from 20%.</p>\n<p>Tax hikes on corporations and wealthy taxpayers were a cornerstone of President Joe Biden'scampaign for the White House. While Thursday's developments were still bearish for the markets, it is hard to argue that they were unexpected.</p>\n<p><b>Why it matters to Apple stock</b></p>\n<p>Higher capital gains taxes, if approved and implemented, would mean lower after-tax gains for investors across the broad. Due to lower return expectations, it is understandable that the broad indices would have declined, as they did on Thursday.</p>\n<p>But Apple shares and other Big Tech names could suffer more than the average stock in the short term. Apple had its share price increase in value by an impressive 240% since 2019, beating the S&amp;P 500 and the Nasdaq by a lot. Many investors who bought the stock in the last 30 months could be sitting on quite a bit of unrealized gains.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a9373c1e139e1310298c6cf5ed9f53de\" tg-width=\"700\" tg-height=\"354\"><span>AAPL stock price action, Jan 2019 to Apr 2021</span></p>\n<p>Should wealthy Apple shareholders have a chance to lock in capital gains at the current 20% tax rate by selling the stock now, they may be tempted to do so&nbsp;– even if they choose to reenter the position later. This is probably where selling pressures could come from, in the near term.</p>\n<p><b>Key metrics on Apple stock</b></p>\n<p>Apple stock continues to spin its wheels in the past few days. Here is a look at some of Apple shares' key metrics:</p>\n<ul>\n <li>Down 1% for the year vs. the S&amp;P 500's 11% and the Nasdaq's 7% gains.</li>\n <li>Down around 8% from the January peak of $143 per share.</li>\n <li>Worth about $2.22 trillion, still the most valuable US-based company.</li>\n</ul>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AAPL After Hours: Will Capital Gains Tax Derail Apple Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAAPL After Hours: Will Capital Gains Tax Derail Apple Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 10:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/aapl-after-hours-capital-tax-derail-apple><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple stock dipped yet again, this time on news that President Joe Biden could propose an increase to capital gains taxes. Here is why AAPL could be impacted most.\n\nIt has not been a calm few days for...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/aapl-after-hours-capital-tax-derail-apple\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/aapl-after-hours-capital-tax-derail-apple","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134258835","content_text":"Apple stock dipped yet again, this time on news that President Joe Biden could propose an increase to capital gains taxes. Here is why AAPL could be impacted most.\n\nIt has not been a calm few days for Apple stock. Shares dipped on Thursday, April 22: -1.2% vs. the S&P 500's and the Nasdaq's -0.9%.\nAAPL has fizzled just aheadof the company's earnings week, after enjoying a 10% rally in the first half of April. In fact, each of Apple's daily gains have been followed by a daily loss since April 8, in seesaw fashion.\nBelow, the Apple Maven briefly debates the key reason for weakness in Apple this Thursday: a potential increase in the capital gains tax rate for households that earn more than $1 million per year.\nApple news of the day\nTo be fair, Apple-specific news also surfaced on Thursday. For example, the App Storeremainsat center stage, this time due to speculations that the company could \"build out its ad business with a second type of ad slot\" within the platform.\nBut none of what the Apple Mavenanticipated could move Apple stock on April 22mattered much compared to news on the tax front. Bloombergreportedthat the Joe Biden administration could introduce legislation to increase the capital gains tax rate to as much as 39.6% on certain individuals, a climb from 20%.\nTax hikes on corporations and wealthy taxpayers were a cornerstone of President Joe Biden'scampaign for the White House. While Thursday's developments were still bearish for the markets, it is hard to argue that they were unexpected.\nWhy it matters to Apple stock\nHigher capital gains taxes, if approved and implemented, would mean lower after-tax gains for investors across the broad. Due to lower return expectations, it is understandable that the broad indices would have declined, as they did on Thursday.\nBut Apple shares and other Big Tech names could suffer more than the average stock in the short term. Apple had its share price increase in value by an impressive 240% since 2019, beating the S&P 500 and the Nasdaq by a lot. Many investors who bought the stock in the last 30 months could be sitting on quite a bit of unrealized gains.\nAAPL stock price action, Jan 2019 to Apr 2021\nShould wealthy Apple shareholders have a chance to lock in capital gains at the current 20% tax rate by selling the stock now, they may be tempted to do so – even if they choose to reenter the position later. This is probably where selling pressures could come from, in the near term.\nKey metrics on Apple stock\nApple stock continues to spin its wheels in the past few days. Here is a look at some of Apple shares' key metrics:\n\nDown 1% for the year vs. the S&P 500's 11% and the Nasdaq's 7% gains.\nDown around 8% from the January peak of $143 per share.\nWorth about $2.22 trillion, still the most valuable US-based company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376733629,"gmtCreate":1619147580661,"gmtModify":1704720377050,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582021341958683","idStr":"3582021341958683"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376733629","repostId":"1120089535","repostType":4,"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378680880,"gmtCreate":1619022509540,"gmtModify":1704718511445,"author":{"id":"3582021341958683","authorId":"3582021341958683","name":"CMacchiato","avatar":"https://static.tigerbbs.com/0b0500c9a34ad64269bacfb01ea4f0ce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582021341958683","idStr":"3582021341958683"},"themes":[],"htmlText":"Sharing","listText":"Sharing","text":"Sharing","images":[{"img":"https://static.tigerbbs.com/c30417a9db5f25f0c8a125e1beb2af5a","width":"1125","height":"2482"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378680880","isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}