nixon era, that help?

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Post #428,169 by boxley 3/29/19 9:24:37 PM 3/29/19 9:24:37 PM Reply	nixon era, that help? "Science is the belief in the ignorance of the experts" – Richard Feynman
Post #428,170 by drook 3/29/19 10:32:44 PM 3/29/19 10:32:44 PM Reply	That's when they passed it ... but why Or is "Nixon era" the entire explanation? -- Drew
Post #428,173 by boxley 3/30/19 4:13:16 PM 3/30/19 4:13:16 PM Reply	the why Enter the Nixon-era tax law. In 1969, Congress decreed that mutual funds can hand over appreciated stocks to withdrawing investors without triggering a tax bill. Lawmakers never explained why they blessed the industry with this unique break, but back then, it didn’t seem like much of a giveaway. Mutual funds rarely took advantage of it, because their investors preferred cash payouts. I am going to assume that they didnt want to double dip on taxes, taxing the increase then taxing the income of the withdrawn investor. Nixon era was just to throw a time period and after a long time unintended consequences come into play. "Science is the belief in the ignorance of the experts" – Richard Feynman
Post #428,175 by drook 3/30/19 8:17:26 PM 3/30/19 8:17:26 PM Reply	That's a horrible reason for a law "There's not really a good reason for it, but it doesn't affect many people anyway so why not?" -- Drew

U.S. stock ETFs avoided tax on more than $211 billion in gains last year' must be nice - (boxley) - (6) - March 29, 2019, 03:16:10 PM EDT

Maybe I don't read so good ... - (drook) - (4) - March 29, 2019, 06:58:35 PM EDT

nixon era, that help? -NT - (boxley) - (3) - March 29, 2019, 09:24:37 PM EDT

That's when they passed it ... but why - (drook) - (2) - March 29, 2019, 10:32:44 PM EDT

the why - (boxley) - (1) - March 30, 2019, 04:13:16 PM EDT

That's a horrible reason for a law - (drook) - March 30, 2019, 08:17:26 PM EDT

That's neat! - (a6l6e6x) - March 30, 2019, 03:01:02 PM EDT

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