But remember -Reader comment on: Why John Bogle Is Wrong on Taxes Submitted by Dan Calabria (United States), Feb 28, 2012 10:01 Mutual funds declare dividends and capital gains annually as realized. In most cases they are automatically reinvested. And it's mandatory for tax favored plans - you cannot receive these distributions directly in cash. If tax favored plans are NOT included, it makes little difference in terms of increased tax revenues. Tax favored plan assets are huge and that is the basis for trying to make this change. As a result, it's a no-brainer that such plans would be included in this ill conceived scheme...it's where the money is. Note: Comments are moderated by the editor and are subject to editing. The Future of Capitalism replies: If they cared about increasing govt. revenue they wouldn't raise the cap gains rate to begin with...it's a medium-term revenue loser, because people rush to realize the gains before the rate goes up. It's like the Obama answer to the Charles Gibson question — it's not about revenue, it's about "fairness." Other reader comments on this item
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