LOS ANGELES, Oct. 16, 2019 /PRNewswire/ -- In an effort to
better serve their loyal client base, today, Patriot Gold Group
(PCC), a nationwide investment group, announces the launch of the
"2020 Election Protection IRA," an investment awareness initiative
to insure PGG clients are prepared for future economic headwinds
and the potential for higher taxes.
"Patriot Gold Group has recognized a genuine concern amongst our
clients leading up to 2020 and the potential candidates' attack on
our wealth and their focus on 'wealth redistribution,'" notes
Jack Hanney, CEO. "Patriot Gold
Group has taken time to analyze the potential impact to our
client's portfolios based on stated tax plans by the leading
Democrat presidential hopefuls. From that research, we were able to
develop this protective IRA to ensure a stronger sense of security
for our clients."
Patriot Gold Group is Consumer Affairs Top Rated Gold &
Silver IRA Dealer Nationwide for an unprecedented four years in a
row, from 2016 -2019. This credential comes as a result of the
company working directly with the owner concept and NO FEE FOR LIFE
IRA program.
"My father often times would quote Will
Rogers, saying 'I am more concerned with the return OF my
money than the return ON my money,'" notes Hanney. "Being a
successful conservative Republican vice mayor and owner of an
insurance brokerage firm, my father instilled responsibility and
accountability in me. This idea and notion of wealth redistribution
contradicts everything America stands for. Hardworking, earners and
savers in America need to practice that insurance is best bought
before you think you need it. As the campaigning and election nears
safe haven assets will only become significantly more attractive
which should push gold and silver prices much higher in the near
term."
Where the leading Democratic candidates stand
Former Vice President Joe Biden
has proposed repealing stepped-up basis. Taxing unrealized gains at
death could let Congress raise the capital gains rate to 50 percent
before revenue from it would start to drop, according to the Tax
Policy Center. Investors would no longer delay sales in hopes of a
zero tax bill when they die.
Mr. Biden has proposed doubling the income-tax rate to 40
percent on capital gains for taxpayers with incomes of $1 million or more.
For Democrats, repealing stepped-up basis has drawbacks. Much of
the money wouldn't come in for years, until people died. The
Treasury Department estimated a plan former President Obama put out
in 2016 would generate $235 billion
over a decade, less than 10 percent of what advisers to Sen.
Warren's campaign says her tax plan would raise.
That lag raises another risk. Wealthy taxpayers would have
incentives to get Congress to reverse the tax before their heirs
face it.
The most ambitious plan comes from Senator Warren of
Massachusetts, whose annual wealth
tax would fund spending proposals such as universal child care and
student-loan forgiveness.
The ultra-rich would pay whether they make money or not, whether
they sell assets or not and whether their assets are growing or
shrinking.
Senator Warren would impose a two percent tax each year on
individuals' assets above $50 million
and a further one percent on assets above $1
billion. Fellow candidate Beto
O'Rourke has also backed a wealth tax, and it is one of
Vermont Senator Bernie Sanders' options for financing
Medicare-for-All.
To gain more insight into the Democratic plans, review
Democrats' Emerging Tax Idea: Look Beyond Income, Target
Wealth.
Interested U.S. investors are invited to call Patriot Gold Group
at 800-974-4653 (GOLD) to begin a free, comprehensive evaluation of
the firm's gold and silver-backed IRA portfolios.
About Patriot Gold Group
Patriot Gold Group
(www.patriotgoldgroup.com) is a nationwide investment group with
more than 30 years of precious metals investing experience. The
company was established in 1986 and is rated the top IRA Gold
Dealer in 2016, 2017, 2018 by Consumer Affairs and rated 5 stars by
TrustPilot.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/patriot-gold-group-to-launch-2020-election-protection-ira-campaign-for-investors-300939192.html
SOURCE Patriot Gold Group