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History says Biden's planned capital-gains tax will put immediate selling pressure on stocks, according to Goldman Sachs

10 days ago   |   By Business Insider

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Joe Biden's planned capital-gains tax may put immediate selling pressure on stocks, according to Goldman Sachs.
In a Friday note the firm explained that the last capital-gains tax hike in 2013 sparked a stock sell-off worth roughly $100 billion from wealthy individuals.
However, those individuals who sold quickly bought back stocks only a few months later, leading Goldman to conclude that the household selling around tax hikes will be "short-lived and fully offset in the subsequent quarters."
Visit Business Insider's homepage for more stories .
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History says Biden's planned capital-gains tax will put immediate selling pressure on stocks, according to Goldman Sachs

History says Biden's planned capital-gains tax will put immediate selling pressure on stocks, according to Goldman Sachs

10 days ago   |   By Business Insider

Drew Angerer/Getty Images
Joe Biden's planned capital-gains tax may put immediate selling pressure on stocks, according to Goldman Sachs. In a Friday note the firm explained that the last capital-gains tax hike in 2013 sparked a stock sell-off worth roughly $100 billion from wealthy individuals. However, those individuals who sold quickly bought back stocks only a few months later, leading Goldman to conclude that the household selling around tax hikes will be "short-lived and fully offset in the subsequent quarters." Visit Business Insider's homepage for more stories. Biden's planned...
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Would Biden's Tax Plan Help or Hurt a Weak Economy?

10 days ago   |   By NY Times

Joseph R. Biden Jr. is pitching tax hikes on corporations and the rich. Many economists say they won't hurt growth. Some conservative economists - and President Trump - say they'll crush the recovery.
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