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Milestone the day before. stocks rose on earnings and it has been a good season so far with just a few disappointments. ford stock with the worst day since july of 2016 after a poor profit forecast. big banks are taking hits from the corporate tax cut. it lowers the value of the deferred tax assets. bank of america with a one-time tax charge on nearly half profits. it is good news for the banks going forward. speaking of banks. goldman sachs with the first loss in six years due to the short-term tax hit as well as drop in trading revenue. this is hitting employees. they made 4% less than last year. goldman stock over bank of america which is up less than 10% in the past year. big tech defending the content. claiming it is fighting terrorism with counter propaganda. facebook and twitter and youtube ....
President has here. u.s. and russia relations are historically low. thank you, paula. it is that time of morning. a check of cnn money stream. global stocks mixed. wall street rallied to records. dow jumping to close above 26,000 for the first time ever. here is how the hometown paper the post is playing it on the front page. ka-dow. you can credit strong momentum from corporate tax cuts and good earnings. good earnings season with a few disappointments. ford s stock with the worse quarter. big banks are taking short-term hits from the tax cuts. lowers the value of the tax deferred assets. bank of america with a one time charge halved its profit. goldman sachs reported the first loss in six years due to the tax ....
Daily basis. and ivanka actually might leave the trump organization to take some kind of role in the administration. unclear what that is right now. it s also unclear how this jives with anti-nepotism laws. also trump supposedly, allegedly, according to the times reporting, will not sell or does not want to sell his business outright to his children or anyone else because he would take a large tax hit, wolf. so there s a consideration there. what do the ethics experts say about this? they don t like it. i m been speaking to them all along about the potential for this kind of arrangement. and one by one, both sides of the aisle have renounced this kib kind of plan, saying it does not it s not really above board, and also, the office of government ethics has urged trump to go ahead and divest his holdings. suggesting that is the best way to really put this issue to bed, ....
The prize as you get it. if you take the cash, you pay an enormous, well more than $300 million in federal income taxes on the prize immediately when you receive it. dependingit, depending on the state you live in. you may have to pay state taxes. california has a big income tax but doesn t apply to lottery prize. you pay no state tax there. in iowa i take a big tax hit. really? it varies from state to state. they have different rules. i m sorry, what about if you re not from the states. what about if someone who doesn t have legal status in the united states wins it. can you still take that kind of money? if you re not a u.s. resident, the federal government will withhold 30% of prize for taxes, then have to set up because it is income you earned. even if you re not a resident, they end up taxing it. something more than 20 years ago, australians won the lottery and they changed the rules after ....
That. not living here doesn t save you from tax on it. josh, we were talking in the mexico bureau if you take that money and transfer it over to mexican pays ohs, you would have 27 billion. that s a good number to walk around with, right? 27 pesos. either way you take it, it is a lot of money. even after you pay taxes it is a lot of money. the tax hit on lump sum is $300 million. leaves you with about $600 million. it is hard to argue with either option. really. josh, thanks, good to see you. appreciate it. sure. los angeles football fans may feel like they hit the lottery. nfl approved the st. louis rams move to l.a. they will build a stadium at the site of the old race track in englewood. they gave the chargers options to join the rams if they share the new stadium. that doesn t happen, raiders are given the chance. ....