In Summary
In this month’s report, A Taxing Issue, Rockefeller Global Family Office Chief Investment Officer Jimmy Chang recounts the history of personal income tax and the evolution of it in the U.S., focusing on how Washington has reversed 60-years of post-WWII financial discipline. The November general election will play a major role in shaping Washington’s fiscal trajectory as roughly $4 trillion of expiring tax provisions will need to be decided on in 2025. The report also touches on how markets may react to various electoral outcomes.
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