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A History Of U.S. Investment Taxes, Part II: The 1920's

With the President's recent proposal to hike capital gains taxes, it's worthwhile to examine the history of investment taxes in the United States to see how these taxes have impacted the economy and the stock market. While the President's tax hike is very unlikely to get enacted, I do want to shatter the myth that government policy does not impact the markets, because the history of investment taxes in the US tells a very different…