· On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act.. It cuts individual income tax rates, doubles the standard deduction, and eliminates personal exemptions.The top individual tax rate drops to 37%. The Act cut the corporate tax rate from 35% to 21% beginning in 2018. The corporate cuts are permanent, while the individual changes expire at the end of 2025.
The median change in the S&P 500 from the close the day before Election Day to the close the day after Election Day has been +0.7% in midterm elections back to 1954. Performance has been essentially the same-a median of +0.8%-in instances in which control of Congress has shifted from unified to divided, or when the President’s party suffers a large midterm loss.
In those instances, going back to 1946, the S&P 500 has gained an average of nearly 6% in the final quarter of a midterm election year and 13% in the year following the election.
A Labor Party plan to impose additional tax on the superannuation of those earning over $200,000 has been backed by independent researchers, who say there is a "strong case" to lower the threshold.
Prime Minister Theresa May has just made a blunder for the ages. But most observers agree on one result: The election is a direct repudiation of May’s approach to the Brexit negotiations with the European Union. There are many different ways the UK could formally leave the EU, either retaining ties or cutting many.
BidaskClub Upgrades AGNC Investment (NASDAQ:AGNC) to Sell BidaskClub upgraded shares of AGNC Investment (NASDAQ:AGNC) from a strong sell rating to a sell rating in a research report released on Wednesday morning, BidAskClub reports.. Several other analysts have also recently weighed in on AGNC. Zacks Investment Research raised AGNC Investment from a sell rating to a hold rating in a research report on Tuesday, March 19th.
The relevant new provision is in s 307-65(2) of the Income Tax Assessment act 1997 (cth) (‘itaa 1997‘) which provides: Treat a lump sum payment arising from a partial commutation of a * superannuation income stream as a superannuation lump sum for the purposes of this Act (other than Subdivision 295-F).
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Super contributions – too much can mean extra tax. There are caps on the amount you can contribute to your super each financial year to be taxed at lower rates. If you contribute over these caps, you may have to pay extra tax.
they add together the rates of taxation (i.e. the 15 per cent contributions tax, the 15 percent superannuation surcharge tax, the 15 per cent fund earnings tax and the 16.5 per cent eligible termination payment earnings tax).