Taxing Times for Mutual Funds

Later this year, when SEC regulations oblige managers to report after-tax performance, Uncle Sam's slice may come as quite a shock

For much of the late 1990s, investing in the stock market was nearly a sure thing. During those heady years, the tax burden related to capital gains on mutual funds seemed inconsequential. After all, what were a few bucks thrown to the tax man when a fund was raking in astronomical gains?

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