Tag Archive for: Tax

Insights

WSJ: Sanders’s Tax Would Hit Small Investors

News Patomak Global Partners

Patomak Global Partners Senior Advisor Fred Hatfield writes in a WSJ opinion piece, ”I share my fellow Democrats’ concerns about income inequality and the need for a fairer tax system. But the presidential candidates would do well to drop one of their talking points: a financial transaction tax.“

Real Clear Markets: “Should Tax Reform Dictate What Stocks Investors Sell?”

News Paul Atkins

Paul Atkins writes in an op/ed in Real Clear Markets:

The tax reform bills moving rapidly through Congress ... would leave more in the pockets of working Americans and reduce the role that taxes play in financial decision-making, allowing people to take their own paths without much help or hindrance from Washington.

But one provision in the Senate version of the bill would restrict Americans’ ability to make their own financial decisions. The measure would dictate how investors manage their portfolios of stocks, bonds and other securities.

The Senate bill would mandate a first-in, first-out (FIFO) scheme. When investors who hold multiple positions in the same security decide that it is time to sell, the government would force them to sell their oldest shares first. Requiring stock sales to be made on this FIFO basis will usually mean higher taxes for investors who sell their holdings accumulated over time. The FIFO provision’s tax implications will limit the ability of American households to fully realize gains from successful investments.