Wednesday, October 27, 2021

House Democrats’ tax plan would increase marriage penalty for wealthy couples

The tax package House Democrats unveiled this week would increase the so-called marriage penalty for wealthy couples.Couples who file a joint tax return experience a marriage penalty if their income-tax bill is larger than the one they'd get filing as single taxpayers.A penalty is more common when each spouse

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Steer clear of ‘high-risk’ IPO space as roughly half of 2021’s debuts trade below offering price, trader says

Steer clear of newly public stocks, one trader warns.Market conditions are turning less favorable for initial public offerings after a record 2020, Chantico Global founder and CEO Gina Sanchez told CNBC's "Trading Nation" on Wednesday.Roughly half of 2021's IPOs are now trading below their offering prices, including recognizable names

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