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Dow tumbles 322 points after Biden plans to nearly double capital-gains tax for wealthy Americans

US stocks sharply reversed Thursday following a report that Biden plans to nearly double the capital gains tax rate for wealthy Americans. Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City S.....»»

Category: topSource: businessinsiderApr 22nd, 2021

Biden shocked markets this week with a proposal to nearly double the capital gains tax. Here"s what the move could mean for high-flying tech stocks, according to 5 experts.

President Biden plans to pay for his "American Families Plan" by raising capital gains taxes to as high as 43.4% for wealthy Americans. President Joe Biden AP Photo/Eva.....»»

Category: personnelSource: nytApr 24th, 2021

Dow ends more than 200 points higher as stocks bounce back from tax-inspired dip

Stocks finished with gains, but off session highs and with weekly losses for major benchmarks, bouncing a day after reports that President Joe Biden plans to nearly double the capital-gains tax rate for Americans earning mo.....»»

Category: topSource: marketwatchApr 23rd, 2021

Biden plans to nearly double the capital gains tax rate to as high as 43.4% for wealthy Americans, report says

While President Joe Biden isn't proposing an outright wealth tax, Bloomberg reports he would target the wealthiest Americans' taxes. President Joe Biden. Andrew Harnik/AP President .....»»

Category: topSource: businessinsiderApr 22nd, 2021

Column: Biden wants to hike the capital gains tax. The wealthy will fight him to the death

Wealthy Americans know the capital gains tax is their biggest loophole — and they won't give it up easily.Wealthy Americans know the capital gains tax is their biggest loophole — and they won't give it up easily......»»

Category: topSource: latimesMay 4th, 2021

Cryptos: Bitcoin drops below $50,000, dented in part by rising U.S. tax worries

Friday's losses come on the heels of a 300-point loss for the Dow industrials after a media report that President Joe Biden is weighing a plan to nearly double capital-gains tax on the wealthy......»»

Category: topSource: marketwatchApr 23rd, 2021

Column: Biden wants to hike the capital gains tax. The wealthy will fight him to the death

Wealthy Americans know the capital gains tax is their biggest loophole — and they won't give it up easily. Wealthy Americans know the capital gains tax is their biggest loophole — and they won't give it up easily......»»

Category: topSource: latimesApr 22nd, 2021

Dow tumbles 321 points on Biden"s capital gains tax hike plan

U.S. equity markets turned sharply lower Thursday afternoon following a report that the Biden administration is mulling increasing the capital gains tax......»»

Category: topSource: foxnewsApr 22nd, 2021

Capital-gain tax rates could nearly double under a Biden proposal. How would that your investments?

Here are some of the effects for wealthy tax.....»»

Category: topSource: usatodayMay 3rd, 2021

A capital gains tax hike probably won"t impact the stock market, but wealthy Americans are scrambling anyway

Only 0.3% of filers would be hit by a capital gains tax rate increase, the White House says. They're panicked. Meanwhile, UBS sees no hit to stocks. .....»»

Category: topSource: businessinsiderApr 27th, 2021

White House defends plan to hike capital gains tax, saying it"ll only hit the richest 0.3%, report says

President Joe Biden is set to propose an increase in capital gains tax for the richest Americans to 39.6% from 20%, according to reports. President .....»»

Category: worldSource: nytApr 26th, 2021

Dow jumps 227 points as strong economic data outweighs Biden tax-hike worry

US stocks closed higher as strong economic data outweighed investors' fears of the capital gains tax hike proposed by President Joe Biden. NYSE trader Gregory Rowe works on the floor of the New York Stock Exchange at the end of t.....»»

Category: topSource: businessinsiderApr 23rd, 2021

Dow up 227 points, S&P just shy of record

U.S. equity markets rallied Friday as investors digested strong economic data and continued to weigh the impact of President Biden’s expected proposal to hike the capital gains tax rate......»»

Category: topSource: foxnewsApr 23rd, 2021

"Bitcoin Fixes This": Silicon Valley Icon Slams "Job-Crushing" Biden Tax Plan, "Oppressive Government"

"Bitcoin Fixes This": Silicon Valley Icon Slams "Job-Crushing" Biden Tax Plan, "Oppressive Government" With stocks tumbling following the report that Joe Biden is considering a proposal that would double the capital gains tax.....»»

Category: blogSource: zerohedgeApr 23rd, 2021

Biden to propose 39.6% capital gains tax for wealthy, Bloomberg reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 22nd, 2021

Dow ends more than 300 points lower, sunk by talk of higher capital gains tax rate for wealthy investors

Stocks ended lower Thursday, falling in afternoon action after Bloomberg News reportedthat Presi.....»»

Category: topSource: marketwatchApr 22nd, 2021

Biden to propose nearly doubling capital gains tax for wealthy: report

President Joe Biden will propo.....»»

Category: topSource: marketwatchApr 22nd, 2021

Stocks turn lower after report Biden weighing sharp rise in capital gains tax for wealthy

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchApr 22nd, 2021

Biden Plans Capital Gains Tax Hike To Help Finance $1.5 Trillion "Human Infrastructure" Package

Biden Plans Capital Gains Tax Hike To Help Finance $1.5 Trillion "Human Infrastructure" Package Update (1305ET): Hours after the NYT published its report about the details of Biden's "human infras.....»»

Category: dealsSource: nytApr 22nd, 2021

The Tax Biden Wants to Double and Trump Would Slash

Capital gains taxes are the price of making a good investment. They’re levied on profitable stock trades and real estate deals but also can apply to sales of business.....»»

Category: topSource: washpostJul 29th, 2019

Is Trump planning another tax cut? If so, it won’t help middle class Americans much

The White House is working to adjust the capital gains tax rules that would help wealthy inv.....»»

Category: topSource: usatodayJun 28th, 2019