July Monthly Update

#Markets The fed cut rates by a quarter point. Not enough for Mr Trump or the markets yesterday. Are we still in for a recession? recovery? #Kawhi Alas it didn't work out i.e. Kawhi Leonard and the Raptors...so financially what does it mean for Kawhi if he had played in Toronto vs LA? Not much actually. While Ontario’s top combined federal/provincial marginal rate is high at 53.53 per cent, California’s combined tax rate comes close, at 52.65 per cent, consisting of a 37 per cent U.S. federal rate, a 2.35 per cent medicare tax for high-income earners and a California state income tax rate of 13.3 per cent. The California rate kicks in later but when you make $30m per year...it doesn't matter

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