Bob Iaccino discusses one of his favorite subjects, tax increases, and why he dislikes them. He focuses on two new proposed taxes by President Biden: one would take capital gains taxes to unprecedented levels, and the second would tax unrealized capital gains. He goes through the math of why tax increases reduce economic activity and destroys the myth that the government uses that tax money to create jobs and grow the economy.
Disclaimer: The views expressed in this video are Bob Iaccino’s and do not constitute financial advice. All investments involve risk, and past performance is not indicative of future results. Do your own research and consult with a financial advisor before making investment decisions.
