Tag: taxes

(22 April 2021)  Stocks fell suddenly this afternoon on reports that President Biden intends to nearly double the capital gains tax for wealthy investors.  While Biden has made no secret of his intention to increase taxes on the rich, the news caught the market off-guard.   Stocks had been fairly choppy already this week as renewed virus concerns has damaged the economic outlook in several countries. As I noted in last week's post, stocks are increasingly vulnerable to declines in the weeks ahead as the bullish influence of Jupiter...