Democrats Eye Taxing Stock Buybacks and Partnerships

The Finance Committee is also leaning toward modifying the regulations that large business partnerships have used to keep away from taxation and evade Internal Profits Assistance audits. Congress drafted the guidelines when partnerships were dominated by tiny organizations, like doctors’ offices. But more and more, partnerships are massive businesses or subsidiaries of significant companies, arrayed in advanced, overlapping configurations to allow for their house owners to shift income, losses and deductions to evade taxes.

Some 70 p.c of partnership income now goes to the major 1 % of earners, and the tax minimization methods have turn into so elaborate that

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Opinion: If you’re nervous about the stock market at record highs, consider these five companies that are loved by the smart money

The stock market is near all-time highs, but train-wreck season lies just around the corner.

Should you sell? After all, the S&P 500
SPX,
-1.07%,
Nasdaq
COMP,
-0.89%
and Dow Jones Industrial Average
DJIA,
-1.08%
often hit a rough patch in September and October.

I say hold on, and indeed consider any of the five companies below because they are “smart money” favorites. But first, big picture, here are three reasons to stay the course.

1. There’s no guarantee that the seasonal weakness will repeat. Besides, the ability to time market turns is tough.

2. Fears about the delta

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