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Muhammad Qassam's avatar

Great explanation. Keep up the good, straight-up writing.

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Wayne Kozun's avatar

Is all of that $12T subject to capital gains tax? What about mutual funds held by pension plans or tax-deferred savings vehicles? (I am Canadian so I am not sure how 401ks, etc work but here in Canada a large portion of mutual fund assets are held in RRSPs or TFSAs which don't pay capital gains taxes).

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