MutualFundWire.com: The Tax Man Takes His Cut of Fund Profits
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Wednesday, April 18, 2007

The Tax Man Takes His Cut of Fund Profits


Uncle Sam took a big bite out of taxable fund accounts in 2006. CNNMoney.com reports that shareholders in taxable fund accounts paid at least $23.8 billion in taxes. These figures only reflect those investors that held funds and reinvested distributions, those that sold shares would pay even higher taxes.


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