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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: GROUND ZERO™ who wrote (43009)1/2/2013 2:30:19 PM
From: Brian Sullivan  Read Replies (1) of 178455
 
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!!
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