mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
http://www.investmentnews.com/article.cms?articleId=56167
Wow, someone must be paying my part of this tax bill because of my tax-management strategy.
For those of you that will be paying my uncle his due, thank you.
U.S. mutual fund investors could pay about $20 billion in taxes for this year, in part because capital gains distributions by funds in 2006 are expected to be the third-largest on record, experts say.
Unlike most corporations, a mutual fund typically distributes all its earnings - capital gains and ordinary dividends - to shareholders each year, according to the Investment Company Institute. That means that fund investors are responsible for paying tax on a fund's earnings whether they take distributions in cash or reinvest them in the fund.
Wow, someone must be paying my part of this tax bill because of my tax-management strategy.
For those of you that will be paying my uncle his due, thank you.
U.S. mutual fund investors could pay about $20 billion in taxes for this year, in part because capital gains distributions by funds in 2006 are expected to be the third-largest on record, experts say.
Unlike most corporations, a mutual fund typically distributes all its earnings - capital gains and ordinary dividends - to shareholders each year, according to the Investment Company Institute. That means that fund investors are responsible for paying tax on a fund's earnings whether they take distributions in cash or reinvest them in the fund.