Blink and you might have missed the stock-market selloff blamed on the White House’s purported plans to hike the capital-gains tax rate on America’s wealthiest investors.
Cue the number crunchers, who were quick to point out an important fact about changes in the capital-gains tax rate: history shows they don’t have much, if any, effect on stock-market returns. “Well, on the surface you’d think higher taxes wouldn’t be a good thing, but that’s actually not reality,” Detrick said, in a note. “In fact, the past two times we had an increase in the capital-gains tax stocks did really well for the next six months in 1987 and 2013.”
Detrick said for now he would side with a strong economy and accommodative Federal Reserve allowing the market to take tax hikes in stride. Need to Know: Get ready for $178 billion of selling ahead of the capital-gains tax hike. These are the stocks most at risk
All taxes are theft by the government!
Learn to trade the volatility from transparent traders here
retweet
Also reduce revenue gained by the government...liberals are not good at math
I just moved to your city, who wouldn't mind showing me interesting places?