On the recordJuly 21, 2014
COLT provides an after-tax benefit to these investors through the conversion of their return from the fund from short-term capital gains (taxed at 39.6%) to long-term capital gains (taxed at 20%).
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congress.govCarl Levin: “COLT provides an after-tax benefit to these investors through the conversion of their return from the fund from…”
Editor's note · Context
Levin explains the tax advantages of the COLT investment proposal.
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