BIDERMAN: EXPECT MASSIVE IMMEDIATE NEGATIVE IMPACT FROM HIGHER TAXES

Thursday, December 6, 2012
By Paul Martin

SilverDoctors.com
DECEMBER 6, 2012

Trim Tabs’ Charles Biderman states that the US economy will be immediately negatively impacted by higher taxes- with or without a fiscal cliff deal. He states the best deal we can expect will raise taxes by around $200 billion, which would result in an annualized 3% drop in after tax take-home pay! If no deal is reached, taxes will increase by $500 billion, which would result in a whopping and incredible 7.5% drop in after tax take-home pay for Americans! Biderman states this massive cut in American’s take-home pay will DEVASTATE both the US and global stock markets!

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