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To: RetiredNow who wrote (60986)8/9/2002 8:11:22 AM
From: rkral  Read Replies (1) | Respond to of 77400
 
OT...mindmeld, re mutual funds & taxation ...

Those that aren't wealthy enough to have a truly diversified portfolio of individual stocks have to resort to mutual funds to get diversified. That means again they are getting double taxed.

My understanding is that mutual funds ARE NOT TAXED because they distribute substantially all of their income and capital gains to shareholders. So where do you get the "double taxed" from?

Ron



To: RetiredNow who wrote (60986)8/9/2002 10:03:16 AM
From: TigerPaw  Read Replies (1) | Respond to of 77400
 
Well, anyone with a bit of economics knowledge knows that cutting taxes stimulates the economy.

Anyone with a bit more economics knowledge knows that setting tax rates is a combination of spending and revenue realization. Cutting taxes without any other plans just leads to growing deficits which competes for the supply of capital.

TP


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