Final capital gains tax increase likely will be much less than Wall Street fears, Goldman says

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.robtfrank reports on why President Biden's capital gains tax may cause a market sell-off and who would be the most impacted.

President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., on Wednesday, April 21, 2021.

Investors are worried that President Joe Biden is about to hit them with the highest tax burden they've seen in more than a century, but Goldman Sachs thinks the end version likely will be something considerably less severe.

 

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robtfrank Riiiiight

robtfrank So the Fed comes in with some new QE and problem solved fools.

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