Over at the Chicago Boyz Mr David Foster opines that a 15% Capital Gains tax could turn out to be much more, once you account for inflation, as projected by the BLS.
I know that this isn't China and we are not [yet] facing galloping inflation, but yet inflation is its own form of tax and one assumes that most investors consider it when placing their money. Regarding inflation (and the Fed), the Chicago Boyz have this post.
Regards — Cliff
2 days ago