Stock Market/Investing/Fin Planning Catch-All

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heelinhell said:
Trying to get ahead of the curve on this story...

Kamala's support for a tax on unrealized capital gains will only impact the 1%ers so if your net worth is less than 14 million you don't have to worry;)

finance.yahoo.com

Why Kamala Harris's approach to capital gains is generating so much controversy

A top business world critique of Kamala Harris since becoming the Democratic nominee is her endorsement of plans from the Biden administration that would reshape how the assets of America's richest citizens are taxed.
finance.yahoo.com finance.yahoo.com
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<ignorant maga types> No no no, she's raising taxes. It's the end of the world as we know it.</ ignorant maga types>
 


  • JPMorgan today raised its price target on Nvidia $NVDA to $155 up from $115 while maintaining its Overweight rating
  • Bank of America raised its price target on Nvidia $NVDA to $165 up from $150 while maintaining its Buy rating
  • Morgan Stanley raised its price target on Nvidia $NVDA to $150 up from $144 while maintaining its Overweight rating
  • Wells Fargo raised its price target on Nvidia $NVDA to $165 up from $155 while maintaining its Overweight rating
  • Truist raised its price target on Nvidia $NVDA to $148 up from $145 while maintaining its Buy rating
  • Baird raised its price target on Nvidia $NVDA to $150 up from $120 while maintaining its Outperform rating
  • Needham raised its price target on Nvidia $NVDA to $145 up from $120 while maintaining its Buy rating
  • Raymond James raised its price target on Nvidia $NVDA to $140 up from $120 while maintaining its Strong Buy rating
  • Mizuho raised its price target on Nvidia $NVDA to $140 up from $132 while maintaining its Outperform rating
 
NCK9 said:


  • JPMorgan today raised its price target on Nvidia $NVDA to $155 up from $115 while maintaining its Overweight rating
  • Bank of America raised its price target on Nvidia $NVDA to $165 up from $150 while maintaining its Buy rating
  • Morgan Stanley raised its price target on Nvidia $NVDA to $150 up from $144 while maintaining its Overweight rating
  • Wells Fargo raised its price target on Nvidia $NVDA to $165 up from $155 while maintaining its Overweight rating
  • Truist raised its price target on Nvidia $NVDA to $148 up from $145 while maintaining its Buy rating
  • Baird raised its price target on Nvidia $NVDA to $150 up from $120 while maintaining its Outperform rating
  • Needham raised its price target on Nvidia $NVDA to $145 up from $120 while maintaining its Buy rating
  • Raymond James raised its price target on Nvidia $NVDA to $140 up from $120 while maintaining its Strong Buy rating
  • Mizuho raised its price target on Nvidia $NVDA to $140 up from $132 while maintaining its Outperform rating
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Those guys all bought at at 110 after that last dip :-)
 
aGDevil2k said:
I am just trying to recover my entire life being destroyed by the #KamalaCrash from early August. Just devastating - the Great Recession was nothing compared to it.
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Sorry to hear. I have recouped that loss and now back to previous all-time high levels in portfolio. I think there's still plenty of upward movement to be made, particular in small and midcaps once interest rate cuts begin.

Another trend I've benefitted from in a couple of my stock holdings is company break-ups like United Technologies into RTX, OTIS, and Carrier; and GE into GE Aviation, GE Vernova, GE Healthcare. Starting to look like Intel may be next on the chopping block.
 
DJT today (the stock, not the idiot) dropped 7+% to close at 18.08. No wonder Trump thinks the stock market is crashing. He’s just looking at this stock. What a cryin shame.
 
  • Vice President Kamala Harris proposed a 28% tax on long-term capital gains for any household with an annual income of $1 million or more, lower than the 39.6% rate that President Joe Biden laid out in his 2025 fiscal year budget.
  • Harris has been presenting more economic plans specifically targeted at helping businesses, especially ahead of the Sept. 10 debate against Donald Trump, hosted by ABC News.
  • Harris also announced a proposal to provide small businesses a $50,000 tax deduction for startup expenses.
 
heelslegup said:
  • Vice President Kamala Harris proposed a 28% tax on long-term capital gains for any household with an annual income of $1 million or more, lower than the 39.6% rate that President Joe Biden laid out in his 2025 fiscal year budget.
  • Harris has been presenting more economic plans specifically targeted at helping businesses, especially ahead of the Sept. 10 debate against Donald Trump, hosted by ABC News.
  • Harris also announced a proposal to provide small businesses a $50,000 tax deduction for startup expenses.
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I tried to better understand what the article meant by the $50,000 "deduction" for business startup expenses. Business expenses are already deductible without a cap. I think this is a reference to carry-forward credits for net operating losses, but I am not sure. Hey @HeelYeah2012, do you know what Harris means by this proposal?
 
Calheel said:
I tried to better understand what the article meant by the $50,000 "deduction" for business startup expenses. Business expenses are already deductible without a cap. I think this is a reference to carry-forward credits for net operating losses, but I am not sure. Hey @HeelYeah2012, do you know what Harris means by this proposal?
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Hey, thanks for the mention but no, I don’t. I am an accountant and I have my CPA but I am not a tax guy by trade. I worked in audit for a Big 4 firm and now am a Corporate Controller, headed more down the CFO path than the tax path.

The only tax I know is enough to do my own family’s tax return with our super simple W2 income :)
 
HeelYeah2012 said:
Hey, thanks for the mention but no, I don’t. I am an accountant and I have my CPA but I am not a tax guy by trade. I worked in audit for a Big 4 firm and now am a Corporate Controller, headed more down the CFO path than the tax path.

The only tax I know is enough to do my own family’s tax return with our super simple W2 income :)
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OK, my next thought is @superrific? Any ideas?
 
Billionaire investor Mark Cuban on Thursday insisted that Democratic presidential nominee Kamala Harris would not tax unrealized gains as president.

“Every conversation I’ve had is that it’s not going to happen,” Cuban said on CNBC’s “Squawk Box.”


Cuban, who says he speaks with Harris’ team frequently, maintained to CNBC that she is not interested in taxing unrealized gains.

He cautioned, “I’m not going to speak for the vice president, she makes the final decision.”

Still, “I’m talking to these folks three, four times a week, having back-and-forth conversations, and their verbatim words to me is, ‘That’s not where we want to go.’”

“We need to find alternative sources of revenue,” Cuban said Harris’ aides have told him, “and those alternative sources of revenue are meant to replace what the unearned income -- the unrealized gains tax from the Biden plan would have implemented.”

Cuban is neither a Republican nor a Democrat, but he was one of more than 100 venture capitalists earlier this summer who endorsed Harris for president.


Cuban’s remarks could signal another break on tax policy between Harris and President Joe Biden, who dropped out of the presidential race in July and endorsed the vice president as his successor.

Biden’s fiscal 2025 budget plan proposes a 25% minimum income tax on Americans with wealth above $100 million.

Unlike current law, Biden’s budget would apply an annual tax on unrealized gains — the increased values of assets that have not been sold — for the richest Americans. The plan has received pushback from Republicans and even some Democrats.

Harris, who took over the Democratic ticket less than four months before Election Day, has not explicitly ditched the plan to tax unrealized gains.
 
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