BREAKING: Higher capital gains tax put pressure on indices!

7:08 PM April 22, 2021

Joe Biden intends to propose a nearly 2-fold increase in taxes on capital gains on profits above $ 1 million. In this case, the tax would be increased from 20% to 39.6%. Moreover, the highest income tax rate will also be raised from 37% to 39.6%. The money from these taxes would be allocated to education. The market definitely doesn't like this idea.

Wall Street slumps in response to Biden's tax plans. Source: xStation5


Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.

Losses can exceed deposits