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wosmomo · 2020年07月31日

问一道题:NO.PZ2015112003000018

问题如下:

Jose DiCenzo has some securities worth €50,000 that have a cost basis of €75,000. If he sells the securities in the current tax year and replaces them with securities having the same returns. He will then sell the new securities in the next tax year. Assuming capital gains are taxed at 30 percent, what is the total tax savings assuming DiCenzo does not reinvest the tax savings?

选项:

A.

€0.

B.

€7,500.

C.

€15,000.

解释:

A is correct.

Assuming DiCenzo does not reinvest the tax savings, tax loss harvesting does not reduce the total tax paid over time. It only defers taxes because recognizing the loss resets the cost basis to a lower figure which will ultimately increase the gain realized late by the same amount. Tax loss harvest can augment return by postponing tax liabilities. Reinvesting the current year’s tax savings increases the after-tax principal investment, which can augment the value of tax loss harvesting further.

老师这道题是不是有问题,又没说第二年卖掉的时候是多少钱,也没说又把这个债券买回来了,怎么就能断定税省了0

3 个答案
已采纳答案

王暄_品职助教 · 2020年08月02日

你可以随便假设一个数,只是为了代入去证明无论是哪种方式,我们总共要交的税都是一样的。

王暄_品职助教 · 2021年03月28日

这里的same return指的是第一年卖出的股票被investor认为在第二年会涨到cost basis之上,然后他卖出这只股票后,买了有相同预期的股票,即同样会涨到cost basis以上的股票。

王暄_品职助教 · 2020年08月02日

嗨,从没放弃的小努力你好:


  • 题目中的第二行结尾: replaces them with securities having the same returns,这个意思就是DiCenzo将50,000的股票卖掉,然后用50,000的现金买了别的股票,所以不是买的同一个股票,而是买了另一支有same return的股票
  • 题目中问的是“total tax saving”也就是两年的tax加在一起。
  • 我们假设第二年最终的股票价格为80,000,则:
  • 所以说总共交的税是一样的,则total tax saving=0


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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!


wosmomo · 2020年08月02日

为什么假设8000

Doveliu · 2021年03月27日

你好,没有很理解这个8000的假设。我理解Same return 第一年应该是负的33.33%,为何第二年same return不是-33.33% 从而产生更多的税盾?