“Already with the Tax Cuts and Jobs Act passed last December we’re seeing difficulty in the actual implementation of many of the proposals,” Fosselman said. “It’s easy to imagine the additional complexity in applying an inflationary factor to all capital gains. Would it be assessed daily? Monthly? Who would be responsible in applying the factor: the taxpayer or the brokerage selling the securities?”
Added Bourdon, “It’s likely too soon to start planning for it, but the idea certainly raises interesting issues.”