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Energy Transfer Partners, L.P. Message Board

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  • bbandassoc bbandassoc Nov 13, 2012 5:02 PM Flag

    Selling over fiscal cliff concerns "makes no sense" with MLPs

    While MLP's are not qualified dividends, I presume they will be subject to the new 3.8% Obamacare tax and any other tax increases instituted January 1st. If so, ETP's selling pressure may still be modest because most people probably don't have a lot of gains to protect (only distribution income), unless they have been holding a very long time. A KMP investor may be in a different situation given that stocks rise in the past year or two.

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    • The 3.8% Medicare tax will affect traders, more so than investors, since it's a transaction-based tax. If one buys and holds ETP primarily for the income (and, hopefully, some appreciation), it won't be an issue as long as one's adjusted cost basis is $0 or above.

36.31+0.07(+0.19%)4:02 PMEDT