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The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
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[quote:BRIEF:MV8yMDQ5ODQxXzM0NDQ3MDg0X0JDNjQ0M0Mw] [quote:Anonymous Coward 24008725:MV8yMDQ5ODQxXzM0NDQ3MDQ0XzEwRDEwQ0ND] If they're selling off than someone must be buying. [/quote] The company you own stocks in buys it back...there doesn't have to be another buyer... [/quote]
Original Message
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.
Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.
[
link to www.cnbc.com
]
Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.
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