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Gold/Mining/Energy : Oil Sands and Related Stocks
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To: michaelrunge who wrote (13311)10/31/2006 10:57:19 PM
From: Cogito Ergo Sum  Read Replies (1) of 25575
 
The trust got the tax break and distributed earnings to unit holders, not the unit holders.
There were other issues like ROC (Return OF Capital) which was not taxed when received by the unitholder but instead was applied against and reduced his/her cost basis so when the unitholder sold, the capital gains were MUCH larger. It is in the hands of the unit holders that these vehicles did get taxed unless in a tax deferred account... but that is not unique to trusts at all.. The trusts are all about income to the Retail investor foremost.. Cap gains are gravy.

1) The government wants to tax the same money twice.
2) The government is not happy it seems when investors actually share in the profits of a company but rather seem to prefer all investors to either be in bonds or playing the greater fool game in the stock market..

Stupid...bastards.
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