Investor Not Concerned

BY JOHN WILLIAM GALBRAITH

I found the article “A Taxing Problem” (JofA, May00, page 51) quite interesting.

I have never been too concerned about capital distributions from my mutual funds because I realize in the long run my total tax bill is based on the difference between how much I paid into the fund and the amount I receive when I finally redeem all my shares.

In the intervening time, I may have paid part of my capital gains tax on the annual distributions from the fund, but nevertheless, my total tax over the time I held that fund is based on the accumulated total I receive, less the amount of my original investment.

John Wm. Galbraith, CPA
St. Petersburg, Florida

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QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.