If there's a 'blue wave' election and tax rates head higher, dividend stocks could take a hit

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New for subscribers: If there's a 'blue wave' election and tax rates head higher, dividend stocks could take a hit Check out CNBCPro today.

Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease on the floor at the New York Stock Exchange in New York, U.S., May 26, 2020.History shows that raising taxes on investment income always hurts dividend stocks, according to Bank of America, a pattern that could come into play if Democrats take the White House and the Senate.

Democrat Joe Biden's tax plan calls for raising the rate of the top income bracket to nearly 40% and making high earners pay a tax rate on capital gains as if it were normal income. He has also proposed raising the corporate tax rate to 28%.

 

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Pro That is something I am willing to take a chance on. I cannot take another 4 years of this presidency. It has been a disgrace for our country. Period.

Pro Shut up, please.

Pro Omfg it’s if you make over $400k a year , this is why people hate the media because you hypothesized reports which is opinion pieces passed as logical news when it’s false or half truths.

Pro

Pro I'll gladly take the hit if that means our President isn't a Russian asset. trump

Pro What are really the key issues in life?

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