Capital Gains Tax Rate Increase Sink Stocks
In hisDaily Market Notes report to investors, while commenting on the increase in tax rate sinking stocks, Louis Navellier wrote: Q1 2021 hedge fund letters, conferences and more Stocks Sink Due To The Increase In Capital Gains Tax RateThe proposed long-term capital gains tax rate increase from 20% to 39.6% on taxpayers with incomes in excess of $1 million per year sunk stocks today. Another proposal is to raise the tax basis on estates, by using a “stepped up basis” versus the cost basis of the asset. Frankly, I suspect that these proposed tax increases will be knocked down at the hands of Se...