Hillary Clinton's proposal to extend the holding period for preferential tax treatment on long-term gains is not novel, but to the extent that its intention is to discourage short-term trading, it could backfire.
Advisors will find there may not be enough of an incentive for clients to hold onto their securities for longer periods. In fact, it's likely to have the exact opposite effect, as it sharply reduces the benefits of holding long-term, while extending the time that a security must be held in order to qualify for preferred treatment.
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