1 thought on “Biden: Winning will increase the capital tax rate to 39.6 %! What does this mean for the market?”
Keith
In the past few weeks, Wall Street has been busy setting the strategy after the election to increase taxes during Biden and actually benefit risk assets. Although it can be assumed that the Trump administration will not change the tax system in the second term, Biden plans to increase the income tax rate of legal enterprises from 26 % (including the federal and local governments) by 7 % to 33 %, thereby reversing the Trump administration to reduce The decrease in fiscal revenue caused by later, this will increase the taxes of high -income groups and the implementation of many other taxes, such as increasing taxes to the global "GILTI" income ... The banks are readily accepted .... .. In 2022, the benefits of the S
In the past few weeks, Wall Street has been busy setting the strategy after the election to increase taxes during Biden and actually benefit risk assets. Although it can be assumed that the Trump administration will not change the tax system in the second term, Biden plans to increase the income tax rate of legal enterprises from 26 % (including the federal and local governments) by 7 % to 33 %, thereby reversing the Trump administration to reduce The decrease in fiscal revenue caused by later, this will increase the taxes of high -income groups and the implementation of many other taxes, such as increasing taxes to the global "GILTI" income ...
The banks are readily accepted .... .. In 2022, the benefits of the S