"If Biden wins, any new tax legislation probably wouldn’t take effect until 2022. Even so, wealthy people might be inclined to harvest any gains they are sitting on before the end of this year, sparking a wave of selling on the chance that Democrats - assuming Democrats retain a majority in the House and gain enough of a majority in the Senate - would impose a capital gains tax hike retroactive to the start of 2021. Taxes were raised retroactively in 1993 under President Bill Clinton." I do believe this would be thwarted since the Senate appears to have maintained a majority? $5+
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