Hello Everyone, I Srigiri Hemanshu of lovely professional university (Mittal school of business).
Iam going to right my second blog .
" Unethical issues of Stragetic Finance
In the united states over the past few decades, the most well to do people the 1% have garnered an increasingly disproportionately large share of the nation's assests, concentrating greater and greater wealth in the hands of fewer and fewer people.
The 2013 Federal Reserve Board survey of consumer Finance shows that the richest 3% of U.S house holds own 54.4% of the nation's wealth, which is more than double the total wealth of the poorest 90% of families. The top 10% hold nearly 85% of the nation's wealth, whereas the bottom 50% only own 0.8%.
A graphic in The Boston Globe's 2015 Divided Nation series illustrates the trend favoring the ultrawealthy. It shows that in 1978, the top 0.1% of the U.S . population held 7.1% of the wealth, but that swelled to 22% of the wealth in 2012 as economic gains flowed to investors and finanical service providers.
Iam going to right my second blog .
" Unethical issues of Stragetic Finance
In the united states over the past few decades, the most well to do people the 1% have garnered an increasingly disproportionately large share of the nation's assests, concentrating greater and greater wealth in the hands of fewer and fewer people.
The 2013 Federal Reserve Board survey of consumer Finance shows that the richest 3% of U.S house holds own 54.4% of the nation's wealth, which is more than double the total wealth of the poorest 90% of families. The top 10% hold nearly 85% of the nation's wealth, whereas the bottom 50% only own 0.8%.
A graphic in The Boston Globe's 2015 Divided Nation series illustrates the trend favoring the ultrawealthy. It shows that in 1978, the top 0.1% of the U.S . population held 7.1% of the wealth, but that swelled to 22% of the wealth in 2012 as economic gains flowed to investors and finanical service providers.
1.Eliminate the "carried interest" tax provisions.
Carried interest is a term used to describe the bonus incentive performance fee paid to managers of hedge and private equity funds to reward them for superior performance. the U.S internal Revenue code (IRC) specifically taxes this income at the income at the long-term capital gains rate (a maximum of 15%) rather than the ordinary income.
2. Effectively cap tax deductibility of excessive executive compensation.
The IRC prohibits corporations from deducting executive salaries exceeding $1 million. this has resulted in compensation for senior executives being based largely on short-term and noneconomic
measures of "performance" that may be detrimental to the company.
3.Raise the holding period for gains considered long term.
Currently, a capital asset needs to be held for one year before the gains on its scale can be preferentially taxed at the long-term capital gains rates of 0%,15% or 20% rather than at the short terms gains rates of 10%-39.6%.
4.Reduce tax subsidies for home ownership
Increasing home ownership has been a worth while objective for many years.yet wealthy individuals receive subsides in the form of tax deductibility for second homes only they can afford further.
