A U.S flag is seen on the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., November 6, 2020. REUTERS/Carlo Allegri
The three main indexes on Wall Street also fell on reports that Biden planned to raise income taxes on the wealthy, a proposal some said would be hard to pass in Congress. Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago, said when a proposal is floated about raising taxes or capital gains, everybody gets excited, sells first and asks questions later.raising the marginal income tax rate
On Wall Street, indexes fell after reports that the Biden administration would propose to raise the capitals gains tax to near 40% for wealthy individuals, nearly double the current rate
I mean, how would life continue if nobody could swing the big gavel?
Tax them out of existence and see if I miss them.
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