News Affecting Your Wealth Dominated The Headlines This Past Week

The proposal redistributes the tax burden of individuals, making winners of some and losers of others. The linchpin of the House plan would raise about $1 trillion of revenue by eliminating the deduction for state, local, and property taxes. Since residents of high-tax places like New York, New Jersey, and California would be losers if the proposal is adopted as is, the fate of this key provision will be negotiated in a politically-charged process in the weeks ahead.

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.






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