“Tax simplifies because if you're using a fund of fund, it's all managed through that one fund… your tax next year is going to be more complicated with multiple ETFs.”
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Said on Get Started Investing
Bill Gates · AI & Beyond · Bill Gates’ Warning: The AI Revolution We Can’t Afford to Ignore
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proposes taxing algorithms that replace human workers like FICA taxes to fund social safety nets
“Tax simplifies because if you're using a fund of fund, it's all managed through that one fund… your tax next year is going to be more complicated with multiple ETFs.”
“We like to help families build these tax diversification strategies where you have some money taxable, some tax deferred, and obviously tax-free.”
“The fund has a tax shield there, no taxation in any matter. Investors are taxed in the home country. We have no withholding tax there. Payment to vendors is also not a challenge. It becomes smoother.”
“We probably shouldn't be looking to rely on things like bracket creep… we need a tax system that funds services fairly.”
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