Replies to post #35987 on The New CS Board

[jumanji0881]

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.