By Solomon G. Teller, CFA, Chief Investment Strategist, Green Harvest Asset Management
“To everything there is a season… A time to gain that which is to get, and a time to lose; a time to keep, and a time to cast away.” – Pete Seeger
Yesterday, May 17th, was this year’s deadline for filing personal income taxes. For the many high net worth
investors consulting with their accountants, here are a few bigger picture items to consider:
$367 billion: In 2020, mutual funds alone distributed $367 billion in realized capital gains.
U.S. investors have paid over one hundred billion dollars annually in capital gains taxes in the last 15 years, including years when stocks barely rose and even when stocks fell greatly, as they did in 2008.