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Stock market takes a 300 point dive as Biden proposes that those with incomes over $1 million pay 39.4% gains tax rather than the current 20%.

Are all these millionaires with long term investments dashing for cover on the rumor. Given that their long term portfolio could reasonably be expected to gain 19.4% between now and enactment, it would seem unwise. When fools rush out grab your towel
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