Key insights
- The author argues for increasing the $3,000 loss carryforward limit, citing inflation erosion since 1978. They urge WSB to advocate for this change, claiming it disproportionately hurts retail investors. While the argument highlights a potential tax inefficiency, its direct impact on US equity markets is limited and more relevant to individual tax planning.
WSB needs to start making noise about increasing this and adding an inflation factor going forward. It started as a benefit deduction and has remained the same amount, severely reducing its benefit. We all realize the time value of money but not lawmakers. They know crime, pay for play and THEY don’t lose money on stocks coincidentally so no attention to this matter. Thank you for today’s attention to this matter from all WSB’s. This will help those in most need of it. Spread the word since my influence is limited by rules.