Re:Vanguard's Low Blow
by morgante on Friday February 12, 2016 @06:05AM
(#11086456)
No, because it isn't the investors who avoided paying taxes. If they had been expensed at market rate, their return (and therefore tax burden) would have been lower, not higher.
That being said, in principle it's all mostly the same since investors own Vanguard.
That being said, in principle it's all mostly the same since investors own Vanguard.