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US stocks trade mixed as investors mull proposed capital gains take hike

14 days ago   |   By Business Insider

Summary List Placement US stocks were mixed on Friday after falling the day prior on fears of the capital gains tax hike proposed by president Joe Biden that would nearly double the capital gains ta for wealthy Americans.
Investors are now analyzing the implications of the proposed higher taxes and what will this mean for the financial system. David Bahnsen, chief investment officer, The Bahnsen Group, a wealth management firm, said Biden's plan will have a negative impact on the stock market, though it is as yet unclear how big an impact it will have.
"If the stock market really started...
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US may have the HIGHEST TAX on capital gains in the world if Biden's plan comes true, investment strategist tells RT's Boom Bust

US may have the HIGHEST TAX on capital gains in the world if Biden's plan comes true, investment strategist tells RT's Boom Bust

14 days ago   |   By RT

After floating the idea to raise the corporate tax rate, US President Joe Biden now wants to increase taxes for rich investors to cover his massive infrastructure plan.
Reports about new capital gains tax hikes shook US stock markets on Thursday, sending major indices lower. The Biden administration could potentially increase the capital gains rate to 43.4% for households earning at least $1 million.
RT's Boom Bust spoke to Joseph Gissy, founder and CEO of Strategy Marketplace, to discuss how the move may affect the stock market.
He said Biden was “ going after the individual investor...
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