Skip to comments.To fund owners, this tax bill is a capital idea (Tax help for mutual funds investors)
Posted on 05/11/2003 3:16:25 AM PDT by FairOpinionEdited on 04/13/2004 2:09:46 AM PDT by Jim Robinson. [history]
After years of hoping for reform to ease their tax burden, mutual-fund shareowners now have a promising proposal. The bill would be an obvious boon for fund investors, but there's a question on whether it would be best for the country.
(Excerpt) Read more at boston.com ...
It makes sense for mutual fund owners should also only pay the capital gains tax, when they sell their fund, rather than every year, sometimes adding insult to injury, when the fund loses money and they have to pay taxes on "gains".