Friday, October 26, 2007
Mutual Fund Taxes To Break Records
According to CNN Money, major mutual fund companies have begun estimating this year’s taxable distributions and the taxes are set to break records yet again. Last year their tax bills totaled $23.8 billion, which was the largest since 2000, but this year’s total is expected to be over $24 billion. One reason for the ever-growing tax bill is the past years "wild market," with plunging stocks and a soft housing market.
Labels:
cnn,
housing market,
mutual funds,
stock market,
tax,
tax bill,
taxes
Blog Archive
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2007
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October
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- IRS Offers Help for Wildfire Victims
- IRS Updates Living Expense Standards
- Mutual Fund Taxes To Break Records
- US House Votes to Extend Internet Tax Ban
- Porsche to Take Over VW?
- Poker Winnings Must Now Be Reported As Income
- Even Celebrities Owe Back Taxes
- New GM Concept Camaro
- New IRS Tax Talk Today
- Full List of 2007 Baseball Champions
- Republican Debate Comments From Tax Foundation
- Disney Planning New Resort in Hawaii
- Woman Sues Kmart for Taxing Toilet Paper
- IRS Announces Increase In Corporate E-filed Returns
- Nissan Unveils Pivo 2 Concept Car
- Bush Says No to Children's Health Insurance
- Check Out Watch Me Franchise!
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October
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