This should be a wake up call to every lover of American liberty that we need to put the Democrats out of business permanently. There is not doubt that their behavior for last two years, and especially after the latest election, they have no love for their country. The lying, the corruption and the disrespect for the vote; they need to go. They know that this can happen, and want everyone's retirement to get ****ed up, so they can hash more savior plans to make people dependent on government.By Paul Bedard
Posted: December 2, 2010
Failure by Congress to extend the Bush tax cuts, especially locking in the 15 percent capital gains tax rate, will spark a stock market sell off starting December 15 as investors move to lock in gains at a lower rate than the 20 percent it would jump to next year, warn analysts.
While it is unclear how bad the sell off could be, it could wipe out the year's gains, they warn.
"Capital gains tax rate will increase from 15 to 20 percent if the tax cuts are not extended. The last time the capital gains tax rate increased--on Jan. 1, 1987 from 20 to 28 percent--investors realized their gains at the lower tax rate," said Daniel Clifton at a Washington partner at Strategas Research Partners. "We would expect a similar effect this time around as investors see the tax rate going up and choose to realize their gains and incur the 15 percent tax."
In a memo to clients, Clifton says that the date most clients are focused on is December 15th for a deal in Congress before beginning to sell. One reason: Many stock options expire that day and investors have to act.