Thousands of workers are set to rally in Jakarta and 38 other Indonesian provinces on Thursday to demand higher wages and lower taxes, marking a second major street protest this week https://t.co/xLsBON7AtH ...

Polls have shown for decades that Americans believe the wealthiest among us don't pay their fair share in taxes, and a new study sets out to identify how true that sentiment really is. https://t.co/dsPM7NutnV ...

Definition - The effective tax rate represents the percentage of income or pre-tax profits paid in taxes by an individual or a corporation [1]

E-commerce is flooding Latin America with cheap stuff from China. Now the region is pushing back with new taxes and scrutiny https://t.co/zcUzWGvFL5 ...

Poland’s government revealed plans to raise a range of taxes on banks and alcohol in an effort to shore up revenue in next year’s budget and back spending on defense and social benefits https://t.co/2izEf0KQ3o ...

Summary of Key Points from the Conference Call Industry Overview - The analysis focuses on the **US equity market**, particularly the **S&P 500** and its resilience to recent **policy changes** including tariffs, taxes, immigration, and deregulation [1][2][3] Core Insights - There is a divergence between macroeconomic indicators, which show a weakening environment, and the equity market, which has posted positive year-to-date performance since April [2][6] - The negative impacts of policy changes are concentrated in sectors with limited market cap weight, while positive impacts are more dispersed among larger sectors [3][12] - The **Consumer Discretionary** sector has underperformed the broader market by approximately **10% year-to-date**, primarily due to tariff-related risks [15][18] - **Industrials** are expected to outperform due to tailwinds from near-shoring and domestic AI investments, supported by stronger pricing power [8][12] - The **Semiconductors** sector has shown strong relative performance despite negative policy impacts, benefiting from the AI theme [8][12] Sector-Specific Impacts - **Immigration**: Expected to lower real GDP growth by about **0.5 percentage points** due to tighter labor supply, affecting sectors like construction and hospitality, which have a smaller share of the S&P 500 market cap [13][24] - **Tariffs**: Contributed **60-70 basis points** of drag to GDP growth, with significant impacts on the Consumer Discretionary sector, while the overall market cap weight of affected sectors is limited [14][15] - **Tax Policy**: The **OBBBA** is expected to add **40 basis points** to GDP growth next year, with benefits for sectors like Technology and Industrials due to provisions like upfront R&D expensing and bonus depreciation [16][40] - **De-regulation**: Expected to have micro-level impacts, particularly benefiting the Financials and Energy sectors through eased capital requirements and regulatory changes [45][46] Additional Considerations - The equity market's resilience is attributed to a focus on the rate of change in policy impacts rather than absolute levels, with a bullish narrative supported by factors like a potential Fed cutting cycle and AI adoption [12][14] - The overall economic outlook is expected to remain sluggish, with GDP growth decelerating but avoiding recession, maintaining a preference for US assets [12][18] - The **Consumer Discretionary** sector is particularly vulnerable to tariff risks, while **Industrials** and **Financials** are positioned for potential upside due to favorable policy changes [15][22] Conclusion - The analysis indicates that while macroeconomic indicators suggest a weakening environment, the equity market, particularly the S&P 500, remains resilient due to sector-specific dynamics and policy impacts. The focus on sector-level analysis reveals opportunities and risks that may not be immediately apparent from broader economic data [12][18]

You should be able to roll over your 401(k) into a Roth IRA, but be prepared to pay taxes when you make the transition. When you withdraw funds, they won't be taxed. https://t.co/aMw8isAvHt ...

NFT Tax Implications - NFTs are treated similarly to crypto assets for tax purposes [1] - Buying, selling, and trading NFTs can result in taxable gains or losses [1] NFT Tax Loss Harvesting - The company launched a smart contract for NFT tax loss harvesting [1] - The smart contract bought worthless NFTs for a nominal amount (e.g., $0.01) to allow users to realize losses [1] Operational Status - The current operational status of the NFT tax loss harvesting smart contract is uncertain and requires verification [1]

Government Actions & Economic Data - Economic data affects government actions and could have surprising consequences [1] - Manipulation of statistics could lead to higher taxes [1] Potential Risks - Nominee E J Antoni's potential manipulation of statistics to favor Trump [1]

RT Scott Martin (@orlandosjmx1)Crypto Currency Long-Term Versus Short-Term Gains in Taxes. https://t.co/pPtPDlzWAn ...