Index Funds Are Under Attack
October 29, 2021 - mediadealer - Money Hacks - 1,019 views
Date: 2021-09-17 20:40:21
Lets talk about a new proposed index fund tax, how the IRS could see all transactions within your bank account, while the stock market is going wild, and everything else you need to know to build wealth – Enjoy! Add me on Instagram: GPStephan
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FIRST: A NEW PUSH FOR THE IRS TO SEE BANK TRANSACTIONS ABOVE $600 / YEAR
The issue, is that we have what’s called a “TAX GAP,” meaning – there is a giant void between the taxes that SHOULD be owed…versus, what’s actually paid, and this happens from 3 reasons: either people just straight up DON’T file their tax return, they file a tax return but don’t pay the bill in full…or, they UNDER REPORT THEIR EARNINGS…which, is said to make up $352 Billion of the United States $441 Billion Dollar Tax gap…or, basically, this is the biggest reason why the IRS isn’t getting as much money as they should.
This new bill would aim to clamp down and change that…and, the treasury was reported as saying: “Providing the IRS this information will help improve audit selection so it can better target its enforcement activity on the most suspect evaders.”
SECOND: THE QUADRUPLE WITCHING
This is an event where stock options, stock-index options, stock-index futures, and single-stock futures all expire…at the EXACT SAME TIME. When this happens, the stock market becomes like a trading FRENZY as investors decide whether to close contracts, renew investments, or roll those funds over to the next opportunity…and with that, comes a lot of stock market volume towards the end of the day, along with slightly more volatility.
Overall, though…from all the research that exists…quadruple witching days can be eventful for options traders, and they do lead to increased trading volume…but, in almost all situations…they do not lead to any short term meaningful drop or profit in the market, and for almost all of you watching…you probably won’t even notice anything happening… if you stay off of WallStreetBets.
THIRD: THE NEW ETF TAX –
The Senate Finance Committee Chairman recently proposed an ETF tax on “in-kind” transactions, which – historically – have made index funds such a tax efficient way to invest….AND, IF this new tax goes into effect…it could have a serious implication for the entire index fund industry. Congress wants to ELIMINATE the ability for index funds to transfer assets in like-kind exchanges, and – as a result – they would pay a capital gains tax anytime they need to rebalance or shift their position.
The end of result seems to be: if this passes, index funds would post slightly lower returns for individual individuals, BUT – this would yield more tax revenue for the IRS that could be spent on other things.
FOURTH: PRICES ARE COMING DOWN
New data shows that the cost of living in August rose at the SLOWEST pace in 7 months, signaling that – perhaps – the inflation fears have peaked, and things are beginning to stabilize. On top of that, the rate of inflation slipped from 5.4% to 5.3%, which was the FIRST decline since last October…and that could be VERY good news for anyone who buys…well, pretty much anything.
Are you actually reading this? If so, let me know it’s the comments – it’s rare anyone actually makes it to this point in the description. Thanks!
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