re: tax increase will not hurt the market other than maybe short term, as it only is on the super rich
My comment: If Capital Gains taxes are treated as ordinary income and ordinary income rates are raised to 62% max, then that will affect investors and it will have a very negative impact on the markets. The tax increases would most likely occur in 2021Q3 and take affect in 2022. If you have large capital gains, you would have a very large tax bill at a time when the market would be retrenching.
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