First-in, first-out inhibits investor choices, causes capital gains taxes to go up and complicates financial planning for millions of Americans, Eaton Vance’s Thomas Faust Jr. argues.
Equity analysts are predicting the bull market to continue while top economists see little long-term economic benefit from the tax breaks.
Under the House bill, they get hurt more than the middle class and the super rich. Some argue it’s fair to make them pay more.
The change would limit the break to gains on sales of assets held three years or more.
Given the tight timeline for passing tax reform, Senate Republicans may have to jam their bill through the House, with controversial items in place.
Working with clients in the startup world comes with a host of unique issues.
Get ready for more rentals out East.
How the Senate plan differs from the House.
A close look at individual tax provisions.
