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The delta between my ordinary income tax rate 39.6% and
the new long term cap gains of 20% percent is too compelling
to ignore. Isn't it true that if a mutual fund has high
turnover it exposes its holders to taxes at 39.6%, for
gains the fund has on assests held less than 1 year?
Am I shortsighted in focusing on funds with low expense
ratios and low or no turnover? Where would one obtain
iformation on such funds? Is SPY likely to do the job as
well as any other fund?

Thank you
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