More taxes?

Hi Trader, I'm mainly involved in the oil markets, but I also venture out into stocks to see what's happening. Thursday, stocks closed lower — and not for virus reasons. In between all the news about vaccines and COVID cases, Biden recently announced that he's eyeing some hefty tax hikes, especially for high earners. For one, he's calling for increasing the highest tax bracket from 37% (set by the Tax Cuts and Jobs Act) to 39.6% (the old rate for the highest earners). But that's not even the main event. Biden's proposing a near-doubling of the long-term capital gains tax rate from 20% to that same 39.6%, negating any tax savings you might've earned with the current rates. One catch, though… According to plenty of news articles, it looks like the capital gains thing only applies to people earning $1 million or more. Chances are you have nothing to worry about next tax season when it comes to your capital gains. Who knows if that'll change, though. For now, it might be wise to get in the markets and make some gains before things change, especially off the volatility caused by news like this... And with the right tools, you can potentially find and jump on the best opportunities for big gains in the market. I'm willing to share what I used to build the passive trading system I use to trade options and futures in the energy market. These tools could be helpful in any market or asset — stocks, ETFs, options, futures, you name it. Click here to learn the tools I used to build my six-figure passive trading strategy. To your trading success, Anthony Speciale Jr Editor & Chief Investment Strategist, Big Energy Profits team1@hawkeyetraders.com hawkeyetraders.com Call us: (888) 233-8598 DISCLAIMER: * Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, and forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of indicators or methodology are not necessarily indicative of future results. CFTC Regulation 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. We'll always treat your personal information with the utmost care and will never sell it to third parties. You can find out more about what data we hold about you, why we need it, and how we keep that information safe in our Privacy Policy.

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