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These Stocks Have The Most To Lose From Biden's Corporate Tax Hike

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by Tyler Durden
Monday, Apr 12, 2021 - 08:01 AM

Three weeks ago, we reported that Goldman (correctly) predicted equity investors would soon pivot their focus from rates and inflation to rising tax rates. The Made in America Tax Plan was released this week by the Biden Administration and as expected it proposes to boost the federal corporate tax rate by 7% to 28%, double the rate on foreign income to 21%, and establishes a minimum tax rate of 15%.

So in a post-mortem to his "Taxman Cometh" note, in his latest Weekly Kickstart, David Kostin shows the distribution and median effective tax rate of S&P 500 stocks by sector.