US stocks ignore capital gains tax hikes in the long run ...Middle East

Quartz - Economy
US stocks ignore capital gains tax hikes in the long run
source : Quartz ( Middle East ) () 7
Stock investors don’t like tax increases, but they tend to get over it.Tax hikes on maximum capital gains—like the increase the Biden administration will reportedly propose—have knocked the air out of the US equity market about half of the time, according to Tax Foundation data going back to 1945. Even when the S&P fell during the year of the tax increase on investment gains, stocks almost always went on to rally in the subsequent years and recoup the losses.https://datawrapper.dwcdn.net/UKrMN/1/Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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