Investors express concern about taxes and the tax implications of investing but are confused by a subject hat can become complicated very quickly.

Investors who had been less aware of mutual fund taxes had a rude awakening in 2000, when many funds had low or negative returns but still paid out large taxable distributions. Many shareholders who, in the past, might have been dismissive about fund taxes were horrified to learn they will be paying taxes on fund investments on which they lost money last year.

Taxes can be the single biggest cost of mutual funds.

Don't overly concern yourself with taxes ... It's much better if you've been waiting to get into a fund to just go for it and not procrastinate.

As long as my property taxes are high, I have to raise rents or make adjustments.

We believe that California taxpayers deserve the right to independently and privately prepare and file their own taxes. Our concern has been that this program targets predominantly low-income and minority taxpayers who may be put at a disadvantage by getting what looks like a bill from the state.