He actually did. His talk about doubling Capital gains taxes roiled the markets.
He actually did. His talk about doubling Capital gains taxes roiled the markets.
I guess someone doesn't understand the meaning of "session lows". Every day there is a session low and a session high.
A drop of less than 1% in a single day is hardly a crash.
"We are all born ignorant, but one must work hard to remain stupid."
"Any fool can criticize, condemn and complain - and most fools do."
DEMOCRATS always want to try to sell this stuff as only hitting the “wealthy,” but it always includes us one way or another in the end, either because they outright tax non-wealthy people, too, or the taxes they impose are then passed on.
Bungling Biden Eyeing Tax Rate as High as 43.4%
Bungling Joe Biden will propose almost doubling the capital gains tax rate to 39.6% to help pay for a raft of social spending, according to people familiar with the proposal.
The new top rate, coupled with an existing surtax on investment income, means that federal tax rates for investors could be as high as 43.4%.
The new marginal 39.6% rate would be an increase from the current base rate of 20%, the people said on the condition of anonymity because the plan is not yet public.
Stocks slid on the news, with the S&P 500 Index down at the close. Ten-year Treasury yields fell.
The White Louse has already rolled out plans for corporate tax hikes to fund the $2.25 trillion porkulus package.
https://www.bloomberg.com/news/articles/2021-04-22/biden-to-propose-capital-gains-tax-as-high-as-43-4-for-wealthy
Poor Legion. He’s desperate.
Well, if one wants to go there, as inane as it is, Stock Market, January 21, 2021, 31,188.38, Stock Market today, 33,815.90, yeah, that's some crash, investors out on the ledge with that crash
Whythink (04-22-2021)
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