According to the National Association of Realtors (NAR) Chief Economist, Yun, small investors, commonly referred to as “mom and pop investors,” would greatly benefit from a reduction in capital gains taxes. Yun suggests that lowering capital gains taxes would provide these investors with increased opportunities to grow their investments and generate higher returns.
By reducing the tax burden on profits made from selling assets such as stocks or real estate, mom-and-pop investors would have more capital available to reinvest in new ventures or expand their existing portfolios. This proposed tax cut aims to level the playing field for small-scale investors, who often lack the resources and financial advantages enjoyed by larger institutional investors.
Yun believes that by incentivizing investment at this level, the economy as a whole would benefit from increased entrepreneurship and economic growth. It is important to note that the NAR’s recommendation for a capital gains tax cut is not intended to favor the wealthy or corporations but rather to provide a fair and equitable environment for all investors, regardless of their financial capacity. In conclusion, Yun emphasizes the importance of recognizing and supporting the contributions made by mom-and-pop investors to the economy. By reducing capital gains taxes, these small investors would be better positioned to thrive and contribute to the overall economic prosperity of the nation.
Lawrence Yun, the chief economist of the National Association of Realtors (NAR), recently discussed the impact of rising mortgage rates on the housing sector and other challenges facing the market in a recent episode of CNBC’s Squawk Box. One of the issues he addressed was the need for a reduction in capital gains tax rates for small real estate investors, commonly referred to as “mom & pop” investors. Yun believes that this would benefit these investors and contribute to the overall health of the real estate market.