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InvestmentNews

Senate tax bill is a hike on retail investors

By Jon Stein

While this technical change may sound innocuous, the FIFO mandate would dramatically harm millions of retail investors. It would raise taxes in unintuitive ways, distort investment behavior, and deprive investors of the opportunity to plan efficiently for retirement. Investing would become more complex and more time consuming—disempowering and disenfranchising everyday people who need to invest for their future.

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This article originally published November 30th, 2017 on InvestmentNews.