An increase in income tax rate means you'll pay a higher percentage of your income to the government. This directly reduces your disposable income, the money you have left after taxes for spending or saving. This can make it harder to afford basic necessities, save for retirement, or invest in your future.
Candidates for the US Senate and House of Representatives will soon depart Washington, DC, for the final campaign sprint, eager to secure undecided votes that will shape the 2024 elections.
Seven pivotal battleground states—Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin—will decide the next President of the US. Polls show Vice President Harris and former President Trump in a dead heat, while Republicans hold a slight advantage in the race to retake the Senate majority and House Democrats gain momentum.
With just six weeks until Election Day, “Elections Edge” delivers a weekly snapshot of key campaign developments, updated forecasts for the White House, Senate and House races, as well as the key races that will likely tip the balance of power in 2025.
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The need for fact-based reporting of issues important to family offices and successful individuals and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful individuals are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful individuals, while continuing to strengthen our presence on Capitol Hill.
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