Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Partners
A Message to David Abney
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="worldwide" data-source="post: 3261668" data-attributes="member: 2193"><p>Actually, it has nothing to do with "retired millionaires of UPS" as I don't believe that everyone that retires from UPS and has some UPS stock in their portfolio is a millionaire. It also impacts ANYONE that owns stock from ANY company, not just UPS.</p><p></p><p>Under current law, shareholders who purchased stock at different times at different prices may select which blocks of stock to sell. To minimize current capital gains, the shareholder might select the stock bought at the highest price. To “harvest” losses to offset other gains, the shareholder might select the stock with the lowest cost basis. Mutual funds use the same methods to reduce, or smooth out, the reported capital gains distributions for their shareholders as they rebalance their portfolios.</p><p></p><p>Why are you opposed to taxpayers having the ability to choose which shares of their stocks to sell? Why should the government dictate which shares a taxpayer should sell? This proposal does not just impact UPS shareholders but any shareholders of stock from any company.</p><p></p><p><a href="https://www.cnbc.com/video/2017/12/12/will-fifo-appear-in-the-final-version-of-the-tax-bill-experts-weigh-in.html" target="_blank">Will FIFO appear in the final version of the tax bill? Experts weigh in</a></p><p></p><p><a href="https://taxfoundation.org/senate-tax-reform-bill-restricts-choice-shares-sell-first/" target="_blank">Senate Tax Reform Bill Restricts Choice of Which Shares to Sell First - Tax Foundation</a></p></blockquote><p></p>
[QUOTE="worldwide, post: 3261668, member: 2193"] Actually, it has nothing to do with "retired millionaires of UPS" as I don't believe that everyone that retires from UPS and has some UPS stock in their portfolio is a millionaire. It also impacts ANYONE that owns stock from ANY company, not just UPS. Under current law, shareholders who purchased stock at different times at different prices may select which blocks of stock to sell. To minimize current capital gains, the shareholder might select the stock bought at the highest price. To “harvest” losses to offset other gains, the shareholder might select the stock with the lowest cost basis. Mutual funds use the same methods to reduce, or smooth out, the reported capital gains distributions for their shareholders as they rebalance their portfolios. Why are you opposed to taxpayers having the ability to choose which shares of their stocks to sell? Why should the government dictate which shares a taxpayer should sell? This proposal does not just impact UPS shareholders but any shareholders of stock from any company. [URL="https://www.cnbc.com/video/2017/12/12/will-fifo-appear-in-the-final-version-of-the-tax-bill-experts-weigh-in.html"]Will FIFO appear in the final version of the tax bill? Experts weigh in[/URL] [URL='https://taxfoundation.org/senate-tax-reform-bill-restricts-choice-shares-sell-first/']Senate Tax Reform Bill Restricts Choice of Which Shares to Sell First - Tax Foundation[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Partners
A Message to David Abney
Top