|Well, Today the US tax code is finally a known quantity and in the final version it is very favorable to equity investments. For the ultra rich they now get a > 40% rate on earned income but only a 20% tax rate for capital gains or dividends. You can be sure that their future earnings will now shift into equities to generate income in these two areas. |
I actually like the new Tax code a lot as it applies to investments.
Since I went to all cash last Friday, I had to buy back a lot of my positions today losing the 4% move since Friday, ouch!!