Biden Will Crush Wall Street Bonus?
I already see many negative impacts of Biden's tax hike proposal on BBs. Unlike tech companies, financial companies are way more sensitive to tax hike because it is harder for them to conceal taxes in foreign countries.
Biden also want to raise tax on people who make $400k or more, which is base salary for MDs across street. This sucks too.
Biden very likely to increase regulation on BBs which is bad too.
I have a feeling that Biden will significantly hurt sell side bonus. Hope he doesn't become president.