A Higher Capital-Gains Tax Wouldn’t Be as Scary as It Sounds

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https://www.barrons.com/articles/take-heart-investors-a-higher-capital-gains-tax-wouldnt-be-as-scary-as-it-sounds-51619224906


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Shocked! Shocked! As in the classic line from the film Casablanca, the stock market somehow was surprised by reports that the Biden administration is set to propose a sharp increase in capital-gains taxes on high earners.

That’s even though that prospect had been discussed widely, including in this space, following Joe Biden’s inauguration as president in January. And it had been a major part of the Democrats’ platform during the election campaign last year.

Yet…