Obama Takes Class Warfare To The Next Level With The "Buffet Rule" And A New "Millionaire Tax": Is A Market Selloff Imminent?
http://www.zerohedge.com/news/obama-...elloff-imminen
Yet what is lost in this ridiculous proposal are the unintended consequences, which always follow *****ic decisions arising out of central planning, number one of which would be a market crash as those who have paper gains since the market lows of 2009, scramble to lock in the old capital gains tax rate of 15% instead of holding on to paper profits that could end up being as high as 35% (or more): an event that would cut actual income by over 25% should one wait to cash out!
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Thread: Is A Market Selloff Imminent?
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18-09-2011, 07:06 AM #1
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Is A Market Selloff Imminent?
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