Eight Dollars

The ETF tax trick the IRS just warned about costs up to $300,000 to set up and needs $25 million in stock to start. It was never for regular people.

The ETF tax manoeuvre the IRS is targeting was only ever for the very rich: creating an ETF costs $200,000 to $300,000, advisers say you need $25 million to $100 million in appreciated stock to bother, and some $22 billion of such ETFs had been created, deferring up to $6.5 billion in gains.

Starring

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