Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Latest Breaking News
In reply to the discussion: Anchor Accuses Top House Progressive Of Tanking Markets By Appearing On CNBC [View all]humbled_opinion
(4,423 posts)35. Someone at my job told me today
That if there is no extension on the Bush tax cuts than investors are most likely going to sell off before the end of the year so they don't get hit with a potential 9 percent tax increase in their profits on stocks. They said capital gains tax rates will jumpt 5 percent because of the Bush tax rate expiration and for household over 200k and addional 3.8 percent from Obamacare taxes on capitals gains. They said the market is going to tank in December because of these taxes.
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
41 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Anchor Accuses Top House Progressive Of Tanking Markets By Appearing On CNBC [View all]
DonViejo
Nov 2012
OP
then get a republican on to talk about cutting medicare and markets will go UP, right???? nt
msongs
Nov 2012
#1
The two wealthy orrifices on CNBC (with good health insurance) bitch about poor Americans
PerceptionManagement
Nov 2012
#25
especially cnbs. Bloomberg if you want to really have some insight. I stopped watching
still_one
Nov 2012
#12
-Cabrera is a right wing shrill, in fact so are 98% of the people on cnbs. Watch Bloomberg.
still_one
Nov 2012
#10
She is an idiot. Not only is their tax selling going on right now, but this is the time when the
still_one
Nov 2012
#13
I know diddly about it, but when I look at today's chart, the Market lost 0.69% on the day . . .
Journeyman
Nov 2012
#14
If true, it just goes to show how stupid those who invest in the markets are.
JDPriestly
Nov 2012
#31