Koios
Recreational Kibitzer
- Nov 12, 2012
- 2,841
- 117
- 48
If this bill gets passed by the house, I think this will be devastating for the market. I surprised we didn't see more of a sell off prior, even with the January effect kicking in.
It looks like investors paying five cents more on a profit dollar wasn't as devastating as you hoped.
Where'd you get 5 cents more on a profit dollar? Whatever that means.
Capital gains tax is 58% higher than it was last year, for anyone making 400k or more. That's not a good thing for the market.
Bullshit fuzzy math with imagined increases in the future, on a worst case senario and far, far from "anyone" with more than $400 grand in long-term gains. And many of those folks already locked in 15% by selling and then seconds later repurchasing the stocks, etc, before year end.