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Where To From Here?

November 17, 2017

By Resnick Advisors


Before launching into our outlook on the economy and markets, let’s take a stab at framing the “big picture” of U.S. individual taxes.  The Treasury Dept. has completed its slicing and dicing of 2015 return data, and here it is:

Think about all of this while pondering the debate on tax reform.  Based on the above, it’s an exercise in moving dollars from one tax return line item to another (i.e., reducing your tax rate while increasing your taxable income by reducing your deductions).  The same people will be paying most of the taxes.  With respect to the belief that the wealthy pay no taxes, please note that the top 1% of earners pays 39.0% of taxes.  So much for THAT myth!

With respect to the markets and global economy, we remain optimistic:

The real threat to this positive environment continues to be geopolitical.  Unfortunately, the timing and impact of these events is indeterminable.  Your only mitigating force is your asset allocation.

As always, we would be happy to discuss any of this with anyone who would like to give us a call or send us an e-mail –

 NOTE:  Market volatility can significantly affect short-term and long-term performance of any investment or investments or portfolio of investments.  Any portfolio of investments, or an individual investment, is subject to market fluctuations and economic conditions.  Any portfolio of investments, or an individual investment, may lose value.  Every investment has the potential for loss as well as profit.  In addition, deposits to or withdrawals from a portfolio by the client may significantly affect investment returns.
Past performance is no guarantee of future results and investment results and principal value will fluctuate so that a portfolio of investments, or an individual investment, when withdrawn or sold, may be worth more or less than their original costs.