2019 Apr 3, 4:32pm
1,290 views 13 comments
Sen. Ron Wyden (D-OR) has floated the asinine idea of taxing individuals’ unrealized gains in asset prices. Currently, capital gains tax is paid only when an asset is sold.
Was not there an issue awhile back where some investors in a type of Mutual Fund had outrageous tax bills? Apparently the Fund made high gains in a sale of stocks, where each investor was assessed his portion of the gains tax, but then the total Mutual Fund value plummeted and the investors still had the gains tax even though they lost money in the Fund overall.
Capital loss, Google it
The thing is with mutual funds it doesn't work that way. On down years you don't get to take capital gains losses. You just get zero gains. If you hold the fund long enough, they offset any future gains yes, so you get it eventually in the form of reduced capital gains during the next bull market. At least that's how I understand it.
Tenpoundbass saysAlso if you are taxed on Capital gains, then the next year you lose money. You should get rebate what you paid out last year. Capital loss, Google it
Also if you are taxed on Capital gains, then the next year you lose money. You should get rebate what you paid out last year.
Maybe she's thinking about how it's done in Canada?