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Americans fleeing tax hikes may accelerate shift to ETFs
Exchange-traded funds are generally more tax-efficient, spinning off fewer capital-gain disbursements that for some could soon become a lot more costly.
May 3, 2021 3 MINS
The booming ETF industry may be set to lure even more cash in the coming years as rich Americans facing higher capital gains taxes look to limit what they owe Uncle Sam.
President Joe Biden’s plan to double the rate those making more than $1 million a year pay on investment profits would accelerate a shift that’s already seen hundreds of billions of dollars migrate from mutual funds to exchange-traded funds, market watchers say. That’s because ETFs are generally more tax-efficient, spinning off fewer capital-gain disbursements that for some could soon become a lot more costly.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Connecticut Science Center Brings STEM Career Inspiration to Classrooms Virtually
Connecticut Science CenterJanuary 8, 2021 GMT
Hartford, Connecticut, Jan. 08, 2021 (GLOBE NEWSWIRE) The Connecticut Science Center has announced a full line-up of events to support its robust STEM Career Connections initiative in 2021. On January 28, the Connecticut Science Center is inviting grade 7-12 classrooms from across the nation to join a live interaction with top STEM professionals from global companies to explore career opportunities and pathways in an engaging format.
Responding to the need for powerful distance learning and resources for students and educators, the popular STEM Career Showcases have been adapted from in-person events to a virtual format, connecting STEM professionals with students remotely. The online format has allowed the Science Center to broaden its footprint to serve tea