Obama said in march that he will raise the capital gains tax. The rate is currently 15%. Obama said he will not go over 28% when he raises it. That is basically double.
There are hundreds of millions of dollars in investments right now with big capital gains sitting there.
What do you think will happen to the market if Obama is elected? Before he takes office, the people that control these big mutual funds will sell so they will not have to pay the extra 13% in tax.
What will that do to the market?
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