{"id":123105,"date":"2021-04-29T13:08:06","date_gmt":"2021-04-29T13:08:06","guid":{"rendered":"https:\/\/precoinnews.com\/?p=123105"},"modified":"2021-04-29T13:08:06","modified_gmt":"2021-04-29T13:08:06","slug":"capital-gains-tax-hikes-and-stock-market-performance","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/capital-gains-tax-hikes-and-stock-market-performance\/","title":{"rendered":"Capital gains tax hikes and stock market performance"},"content":{"rendered":"
President pushes plan for the wealthy to pay their fair share in taxes in Wednesday night’s remarks to joint session of Congress<\/p>\n
No question President Biden’s proposed higher 39.6% capital gains tax rate on those earning over $1 million is making many stock investors queasy, but the stock market impact may be more muted than some expected, according to Goldman Sachs. <\/p>\n
"S&P 500 returns have also been weak ahead of past capital gains tax hikes, but selling was short-lived and reversed afterward" the team, led by David Kostin, wrote to clients earlier this week. <\/p>\n