SPOTLIGHT: Morris Financial Concepts, Inc.
Morris Financial Concepts, Inc., is a nationally recognized, fee-only financial consulting firm that helps you identify and align your resources, values and goals to achieve an enriched life.
Morris Financial Concepts, Inc., is a nationally recognized, fee-only financial consulting firm that helps you identify and align your resources, values and goals to achieve an enriched life.
By Kyra Morris, contributing editor | Many may be concerned about the changes in the new taxes under the $1.75 trillion Build Back Better Act, which is President Joe Biden’s signature social safety net and climate change bill. It has received a procedural vote in the House and still needs a final vote before it heads back to the U.S. Senate.
The analysis from the nonpartisan Congressional Budget Office indicating the ultimate cost of this bill will be a determining factor. This article reviews the proposals as of Nov 6, and may at least give us some guidance and potential planning ideas.
Little change for many. The first thing that needs to be remembered is that if your taxable income is below $450,000 for married filing jointly (MFJ) or $400,000 for single (S) taxpayers, the proposed new tax laws have very little changes.
IN THIS EDITION
FOCUS: Local analyst urges portfolio review on proposed tax changes
COMMENTARY, Brack: Bad idea to ban books and manufacture outrage
IN THE SPOTLIGHT: SCIWAY
NEWS BRIEFS: New bio highlights story of Reconstruction-era Senate leader
FEEDBACK: Guns promoted too loudly
MYSTERY PHOTO: Peeking through the treetops
CALENDAR: Keb’ Mo’ returns Tuesday
By Kyra Morris, contributing editor | History shows the American economy prefers checks and balances. Since 1945, the S&P 500 stock index under a divided federal government has had a 14 percent return whereas under a unified government the experience was 12 percent.
Morris
The 2020 elections are not completely over, yet the probability is for a Joe Biden presidency, a tight GOP majority in the U.S. Senate and a tighter Democratic majority in the U.S. House than before the election as more seats were taken by the GOP. We will have a divided Congress at least for the next two years. Assuming the eventual transition, how will history be written under this administration?
First, political appointments will be meaningful and more competitive, particularly at independent commissions, such as the Securities and Exchange Commission, where personnel is policy.
IN THIS EDITION
TODAY’S FOCUS: Divided federal government may help economy
COMMENTARY, Brack: S.C., Democrats have keys, but need to turn on engine
IN THE SPOTLIGHT: Charleston Gaillard Center
NEWS BRIEFS: City Paper to offer $10 virtual concert 8 p.m. Tuesday with McCain, Hall
FEEDBACK: Harp was key for this reader
MYSTERY PHOTO: Interesting place for a mural
CALENDAR: Animal Society’s virtual chili cook-off to be Nov. 21
By Kyra Morris, contributing editor | It is not over. This pandemic is still wreaking havoc with our lives.
* We still need to wear masks when we go into public places.
* We still need to wear masks anywhere when we are going to be closer than 6 feet from another person.
* We still need to wash our hands after doing any activity that has us touching things.
* We still must be careful about any socialization or eating out.
* We still must consider whether an activity will be indoors where ventilation is a key or outdoors where the air is free-flowing.
The difficult part of this is that the only certainty is uncertainty. How do we therefore determine what is important?
As we continue our journey of uncertainty, many of us experience “hedonic adaptation.” This is the capacity for human beings to adapt to their new circumstances, for better or for worse. Many studies show that we can quickly adapt to a new baseline — a new normal.
Charleston Currents #12.39 | Aug. 17, 2020
IN THIS EDITION:
TODAY’S FOCUS, Morris: Encountering hope during a pandemic
COMMENTARY, Brack: Remembering Floyd Breeland’s life of exemplary service
IN THE SPOTLIGHT: Charleston Gaillard Center
ANOTHER VIEW, West: To be or not be in person in the classroom
NEWS BRIEFS: SCETV is helping gaps in teaching with remote learning
FEEDBACK: Send us your thoughts
MYSTERY PHOTO: Spaghetti roadways
CALENDAR: Music, art, wine on calendar
NEW BOOK: More Charleston firsts
IN THIS EDITION
FOCUS, Morris: In challenging times, a diversified portfolio can be good news
COMMENTARY, Brack: PSC needs to investigate Charleston-area tree butchery
IN THE SPOTLIGHT: Magnolia Plantation and Gardens
GOOD NEWS: Hootie hands help kids get ready for the return of school
FEEDBACK: Send us your letters
MYSTERY PHOTO: Peeking into where?
S.C. ENCYCLOPEDIA: Battle of Eutaw Springs
CALENDAR: Bird walk and free kayak trips Saturday
By Kyra Morris, contributing editor | There are four key issues at the heart of every community. These are jobs, housing, education and infrastructure. Charleston is very fortunate to have a diverse foundation of businesses and a plethora of jobs. This is in large part due to many local business leaders, our local and state government, and the Charleston Regional Development Alliance, an association put together after we lost the Charleston Naval Shipyard in the early 1990s.
When the naval shipyard, our largest employer, closed, our community heard the need and came together at a critical point in time. Leadership from all parts of the Tri-county area worked tirelessly to solve the jobs problem. We wanted strong, sustainable employment for our citizens. This effort paid off over time. Charleston is now known all over the world, and people are coming by the thousands both as tourists and new residents. We have jobs.
The other three issues though are still in the “need” stage. We are struggling with the availability of affordable workforce housing. …
IN THIS ISSUE:
FOCUS, Morris: Let’s work proactively to build a brighter Charleston future
COMMENTARY, Brack: Dealing with Southern ghosts of the past
IN THE SPOTLIGHT: Magnolia Plantation and Gardens
ANOTHER VIEW, McCoy-Lawrence: Voters aren’t getting voting system they deserve
GOOD NEWS: Remembering a Revolutionary victory, more
FEEDBACK: On a liberal arts education
MYSTERY PHOTO: Mystery box building
S.C. ENCYCLOPEDIA: Slavery in South Carolina
CALENDAR: Charleston Carifest to start June 20
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