- Investure Report
- Posts
- Trumps New Tax And Tariffs
Welcome Investors!
Hello and welcome to this week’s edition of Capital Management Weekly! Whether you’re just starting your financial journey or just looking for a way to improve what you have started, we’re here to provide tips, news, and advice to help you take control of your financial future.
In This Issue
This Week in Finance: Gold Hits $3,300 per Ounce!
Main Scoop: Tax v. Tariffs
Outro: How to contact me
Ad Placement
Ad Placement
This Week in Finance
Big news from the safest store of wealth in this world as gold tops $3,300 per ounce with today it opening at $3,354. This comes as tensions are still high with the trade war continuing, as the market is still in uncertainty.
Unfortunately for the rest of the market this trade war show no signs of stopping prompting analysts to predict gold price could go up to as much as $4,000 by the end of the year. Although not the most likely scenario, it could happen if tensions continue.
Check out gold’s price on yahoo here: https://finance.yahoo.com/quote/GC=F/
Main Scoop
Tax vs. Tariffs: The white house has just announced a possible new tax cut on Sunday that would lessen the Impact Americans are facing due to the tariffs.
With it reportedly focused on many middle and lower income citizens making less than 200,000 a year, which if implemented could help a lot of Americans keep more money in their pockets.
The white house is trying to implement them as an extension of Trump’s first tax cut from 2017. The deadline they are trying to implement this by is July 4th which is a few days before the end of the 90 day tariff pause.
Trump plans to pay for this new decrease in tax revenue by the large amount of tariff income that will now be coming in through imports with him coining a new phrase calling tariffs a new branch of government called the “The External Revenue Service”.
With this new move Trump is trying to show tariffs in a positive light trying to show how tariffs can be beneficial. By decreasing taxes for the everyday taxpayer he hopes to show that tariffs can replace income tax, something that he has been trying to do since his election.
What You Can Do To Get Ahead:
Stay Informed- By staying informed you can make sure that you are not blind sighted by bad news that can put your finances in danger.
Keep Investing- Nothing can put you further ahead than continuing to build wealth, market dips can be a great time to buy.
Focus on safe assets- in this turbulent market focus on buying assets that have withstood the test of time; metals and bonds tend to have less volatility
Focus on You- Staying informed is important but nothing is more important than your health; take care of yourself!
Thank you for reading!
Tank you so much for reading this week’s newsletter I hope you have a great rest of your week! Please consider subscribing as I post important financial information weekly to your inbox which could help you stay updated in the finance world also check out our X and LinkedIn accounts where I post about that weeks newsletter in short messages.
If you have any comments or questions please feel free to reach out at [email protected]