Professor Ventry Comments on Tax Hike for International Business Times
Professor Dennis J. Ventry, Jr. commented on the potential impacts of increases in capital gains taxes that will take effect in 2011 for an article in the International Business Times. Professor Ventry noted that the rising rates may prompt investors to sell profitable stocks this year while saving their losing stocks for next year, when they can be used to offset gains that will be taxed at a higher rate.
Ventry also observed that while average investors could attempt to game the rate increase by selling winners on December 31 and then buying back the same stock early in the New Year, securities law prevents corporate insiders (such as Ralph Lauren, who reportedly is contemplating dumping one-quarter of his holdings in Polo Ralph Lauren) from doing the same thing.
Professor Ventry is an expert in tax policy and has written widely in the field. His research interests include family taxation, tax expenditure analysis, legal ethics and professional standards, tax and legal history, tax compliance and administration, and public finance.