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(2/2) This helps explain my puzzling finding that most capital gains are never reported to the IRS.pic.twitter.com/u2uRL2qJJV
What type of capital gains, like RE? That I might be able to explain, but other than that, that's a mystery.
Equity. Essentially they find a series of loopholes so they haven't had to pay taxes since like 2001 on realized capital gains.
I always wondered how they do a couple percentage points better than other funds with virtually the same blend of stocks.
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