Most Popular

New Opportunities: Strong Buy Stocks Exploring Potential: New Strong Buy Stocks for Investors

Photo of author

By Ronald Tech

In the ever-shifting landscape of the stock market, opportunities arise that can’t be ignored. The Zacks Rank #1 (Strong Buy) List presents five compelling options as of today:

Invesco Mortgage Capital Inc. IVR: This real estate investment trust has shown promise with a significant 11.9% increase in the Zacks Consensus Estimate for its current year earnings over the past 60 days.

Unveiling Promising Picks

Camtek Ltd. CAMT: Specializing in inspection and metrology equipment, this company has experienced a notable 9.7% surge in the Zacks Consensus Estimate for its current year earnings during the last 60 days, indicating positive momentum.

Riding the Waves of Opportunity

Crescent Energy Company CRGY: With a focus on exploring and producing oil and natural gas, this company has seen a substantial 17.8% growth in the Zacks Consensus Estimate for its current year earnings, marking a potentially lucrative period for investors.

Capturing Potential Growth

Costamare Inc. CMRE: A player in the containerships and dry bulk vessels sector, this company has witnessed a remarkable 12% uptick in the Zacks Consensus Estimate for its current year earnings, signaling a favorable outlook.

Sailing Towards Success

SM Energy Company SM: Specializing in independent crude oil and natural gas operations, this company has experienced a noteworthy 15.4% rise in the Zacks Consensus Estimate for its current year earnings, paving the way for potential value for stakeholders.

You can explore further details about these enticing opportunities by checking out the complete list of today’s Zacks #1 Rank (Strong Buy) stocks.

Every investor seeks that one golden stock, the potential diamond in the rough. With a market rife with choices, one must navigate wisely. Remember past winners like Nano-X Imaging, which took off like a rocket, soaring +129.6% in a mere nine months. Keep your eyes open, your ears attentive, and seize the moment.

See also  Wealth Tax: Debating the Top Tax Bracket Debate Over the Wealth Tax

Are the wealthy getting away with not paying their fair share of taxes, or are they carrying an unfair burden? The debate over the top tax bracket rages on as concerns about income inequality and the concentration of wealth at the top of the economic ladder continue to make headlines. Senators Bernie Sanders and Elizabeth Warren have both proposed a wealth tax on the ultra-rich, while even multi-billionaire Warren Buffett has vocally expressed support for the idea, suggesting that it is fair for wealthy Americans to be taxed at a higher rate.

Currently, the top federal income tax rate stands at 37%, applicable to incomes of $539,000 and higher for single taxpayers and $647,850 and higher for couples filing jointly. However, historical data reveals that the top marginal tax rate has been significantly higher in previous eras. In 1944 and 1945, it peaked at a staggering 94%, and in the late 1980s, it hit a low of 28% under former President Ronald Reagan.

Historical Context and Present Day

The taxation of the wealthy has fluctuated significantly throughout U.S. history, demonstrating both higher and lower levels of taxation than the current status. This historical perspective adds complexity to the ongoing debate regarding whether the rich are paying their fair share of taxes. Despite the disputes, recent data from the IRS sheds light on the current tax scenario.

Top 1% Tax Contributions

In 2020, the top 1% of taxpayers—those earning $561,351 or more—contributed a significant 42.3% of the total tax revenue collected. This translates to the top 1% paying more income taxes than the bottom 90% combined. Astonishingly, the top 1% paid a staggering $723 billion in income taxes, while the bottom 90% collectively contributed $450 billion.

State-Level Analysis

Examining the tax burden on the wealthiest individuals at the state level yields interesting findings:

Alabama Minimum income to be considered 1%: $404,560 Average income of the 1%: $1,107,769 Average income tax paid by the 1%: $263,845 Average tax rate of the 1%: 23.82% Alaska Minimum income to be considered 1%: $466,905 Average income of the 1%: $999,772 Average income tax paid by the 1%: $253,754 Average tax rate of the 1%: 25.38% Arizona Minimum income to be considered 1%: $485,146 Average income of the 1%: $1,464,848 Average income tax paid by the 1%: $369,426 Average tax rate of the 1%: 25.22% Arkansas Minimum income to be considered 1%: $387,666 Average income of the 1%: $1,483,925 Average income tax paid by the 1%: $313,266 Average tax rate of the 1%: 21.11% California Minimum income to be considered 1%: $726,188 Average income of the 1%: $2,430,790 Average income tax paid by the 1%: $655,180 Average tax rate of the 1%: 26.95% Colorado Minimum income to be considered 1%: $609,919 Average income of the 1%: $1,799,148 Average income tax paid by the 1%: $465,284 Average tax rate of the 1%: 25.86% Analysis of Minimum Income of the Wealthiest 1% and Average Tax Rates by State Analysis of Minimum Income of the Wealthiest 1% and Average Tax Rates by State

Want to stay ahead of the curve? Learn more about the latest stock recommendations from Zacks Investment Research. Download the 7 Best Stocks for the Next 30 Days to guide your investment decisions.


Unveiling the Apple Dilemma: A Stock in Decline

Canadian Solar Secures Financing for European Renewable Energy Projects